Well, that's a whole other discussion in itself, but it seems likely. You'll remember that the goblins in The Hobbit recognized Glamdring and Orcrist, two elvish swords that likely had not been seen for thousands of years (and even if they had, they hadn't been wielded by elves since Gondolin's fall).
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"If you're referring to the incident with the dragon, I was barely involved. All I did was give your uncle a little nudge out of the door."
THE HOBBIT - IT'S COMING
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