Using Trade Chat would be the wisest way to search for The One Ring. People seem to keep it rather than toss it aside like other low level greens, much like what the item represents.
I have a friend who's joining us level ten twinks as a Balance Druid, and would be very happy if one of the veterans here at Twinkinfo could assist him in gearing himself by creating a chardev for him. Thanks!
Shaman: Ojack @ Arthas - Game Guide - World of Warcraft
Also: The fancy colours you added to the text have only made the contents of the twink index seem disorderly.
When I was a level seventy on my main character, I was travelling the world and had looted this during my journey through Loch Modan. I'm not completely certain of what I did with it, but I believe that I had vendored it or something unknowingly.