Here is what Gandalf the wizard said about the ring I found.

Three Rings for the Elven-kings under the sky,
    Seven for the Dwarf-lords in their halls of stone,
Nine for Mortal Men doomed to die,
    One for the Dark Lord on his dark throne
In the Land of Mordor where the Shadows lie.
    One Ring to rule them all, One Ring to find them,
    One Ring to bring them all and in the darkness
       bind them.
In the Land of Mordor where the Shadows Lie.

--poem taken from The Fellowship of the Ring
J.R.R Tolkein