Wow - that would be quite a project. But I’d love to see it when it’s done!
Slightly off-topic: I’d highly recommend you get The Annotated Hobbit, which has a lot of very useful info and derivations of virtually every character, place, riddle, etc. in the book, as well as examples of foreign illustrations (some excellent, some horrible). Definitely worth a look.
It hasn’t been done, at least not there. At only 300 pages, and with that little on each page, it can’t be anything more than excerpts. Full-length, that sucker’d be huge.
Pity they don’t expand it to 8 volumes. There and Back Again, Books I to VI and the Appendix. They could go smaller on the font of course then what they showed.
I’d love to work on a project like that but I’d need someone else to do the pages themselves. I’m not much of a calligrapher and I think that might take more patience than I have. I’d bind it, though, in a shot – that bit I can do.
The closest thing you’ll find that’s affordable (aside from the red-bound LOTR in the second post) is the Dover edition of William Morris’ The Wood Beyond the World:
It’s a fantasy novel that some think a big influence on Tolkien. Morris thought that such works should be presented in such a way as to be consistent with the contents – a craftsmanlike product with neatly calligraphied pages that celebrated the virtues of the craftsman, and so he set up a press to make such books. Unfortunately, such a product tends to be too expensive for the craftsmen themselves to be able to afford it, so I was lucky that a soulless megacorporation decided to reprint the book – calligraphy and all – in an inexpensive edition so a shlub like me could afford it.
I find that the nifty lettering looks cool and all, but isn’t my preferred style – the usual typefaces seem easier to read, or more familiar. But this is where you can get a fantasy novel i the sort of typeface you’re looking for.