The power of the Ring was foremost the power to preserve one's life force and willpower against entropy and the decay of time. Wearing the Ring, even briefly, would curse a mortal with an indefinitely long lifespan.

The Ring also had the ability to render one who wore it effectively invisible.

The Ring also amplified the power of command, and allowed the Ring-bearer to impose his own will upon others. In addition, the ring granted the wearer increased hearing at the expense of the quality of their eyesight, and the ability to understand languages not known to the wearer.

The Ring could also perform other functions beyond mind control. It could amplify any inherent power its owner possessed. It also might have given the wielder the ability to read people's minds. Finally, the Ring had 'mastery over the powers of all the other Rings.'