I wouldn't necessarily want it to be recognized as "hey, that's the coat Bilbo Baggins wears" anyway so Hobbit popularity is not at issue, I just think it's cool. =D

Such an item would not actually be on my list of priorities (if I had ~$100 fall into my lap that I couldn't spend on paying off debt, I'd put it toward a tattoo or a tablet or a tolerable chair or one of a dozen other things..) If in the future I ever did such a project though, you'll be the first to know.