Gosh, everyone has such amazing collections!
I used to have a huge LOTR collection when I was a teenager... but most of the items were toys (action figures, posters, dolls etc.) since my money was limited then and I wasn't lucky enough to get any of the higher priced collectables.
Now that I'm working I've spent a fair amount on more expensive items (mostly dolls/bjd) but I sort of moved away from collecting LOTR items. But since I joined this site I've found my love of LOTR returning (and this thread is partly to blame) and so in the last few weeks I've had some new items arrive.
This is a quick shot in a little corner of my room:
So far I just have the United Cutlery's Narsil (full size and miniature), Sauron helm, and Sting (not pictured) but it's a start. Also please ignore the Legolas knives in the back. I bought those years ago and they, unfortunately, are not official. I'd like to get the real ones someday, but for now I'm hunting down some of my more wanted items (like the helmets) first. I am moving this summer/fall as well so I haven't mounted the swords on the wall yet, but as soon as I get my new place they're going up on the wall.