Unlimited money
At the start of the game, you will hear the riddle of the bog shoes from a man. Near that man him is a Hobbit hole on a hill. Go up two steps to reach it. Inside are three bookcases. Two are on either side of the fireplace and the third is on the other wall. Search the lone bookcase to get a gold coin. Exit the room and reenter. Search the same bookcase to collect the coin again. Repeat this process to get unlimited money.
One of the graves in the Barrow Downs has a gold coin in it. After it is collected, keep exiting the room and returning to get as much money as desired. Note: The room is the one where you need the acorn to get into the next room.
Unlimited items
Drop any item and save the game. Go back to the current game, and where you last left your items, there should be another extra item. Do this as many times as desired to get the best item for all players.
When you are in the dwarf's castle, drop an item, go through another door, then go back again. The item will be multiplied.
Hobbiton: Willow Willys
When in Hobbiton, you will find some Willow Willys. Keep them -- you will get stuck in the old forest later and have to free Pippin and Merry. You still have to talk To Tom Bombadil, but then will not have to search for the Willow Willys.
Passing without paying
When someone will not let you pass and asks for Pipe Weed or something else, save the game. Select "Continue" at the menu. When the game resumes, just walk past them.
Aragorn: Level up
1. When you are outside of Bree, go straight to the Midway Marshes and complete the quest here, where you have to kill a Wight. If you go northwest before going across any bridges you will find him. Next, find the woman here that is complaining about him. She will give you a sword and a gold coin. After you have completed Midwater Marshes, go just below the mountain to Weather Top (just outside of Midwater Marshes). Go down a little and to the right. You will enter a screen with a big dog running around. Before or after you battle him and if you are in the correct location, Aragorn should level up. Note: If this does not happen, try again or after you have completed the Bandit quest for Arthur's necklace.
2. Kill one of the trolls at the last bridge.
Frodo: Level ups
1. While you are in The Shire, defeat the scarecrow.
2. After you avoid the Black Rider.
3. Deliver message to the dwarves on the last bridge.
4. Bring Arwen her amulet.
Merry: Level ups
1. Free him from Old Man Willow, then talk to Tom in his house.
3. Deliver the message to Amos Appledore; he is in Bree.
4. Bring the Elfstone to Glorfindel; he is in Rivendale.
Sam: Level ups
Missing Gandalf, Legolas, or Gimli: See Elrond and speak to him. After speaking to him, go to the exit and see if there is anyone there besides Gimli. If there is, your game has not glitched. If they are missing, restart from your saved game (when you first entered) and try again.
Glitch: Mines Of Moria
There is a glitch in Moria that causes your game to freeze and prevent you from further progress. Use the following steps to avoid this problem. In the Mines of Moria, there is a large open room with an Orc. When you approach the door to the northeast, Gandalf tells you that the passage is blocked and that you must go deeper into Moria. Save the game at this point. If the game freezes, you can reload from here, then walk towards the doorway that causes the glitch. Press [Start] as your character is walking toward the doorway and the screen is fading. If done correctly, the save menu will appear as the screen is fading. Save the game, then continue it. The game will resume at the other side of the doorway.
Glitch: Float in mid-air
When you reach Weathertop and are on top of it, go to the bottom corner where the end of the corner is missing. Walk into it, then turn left or right and you will float in air.