diff --git a/ChangeLog b/ChangeLog
index 6529b9b39..f3a1b4e6a 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+Adjust the value on spell rings to not be insanely expensive.
+spell/Wand/spell_ring.arc
+Daniel Hawkins 2021-02-25
+
 Add faces for arrows and bolts of Assassinating Dragons.
 artifacts
 weapon/bow/arrow_assassinating_dragon.base.101.png
diff --git a/spell/Wand/spell_ring.arc b/spell/Wand/spell_ring.arc
index 8370e9a5d..abbfcfabe 100644
--- a/spell/Wand/spell_ring.arc
+++ b/spell/Wand/spell_ring.arc
@@ -6,7 +6,7 @@ face ring.110
 identified_face ring.117
 speed 0.02
 type 3
-value 5000
+value 150
 hp 1
 maxhp 1
 weight 20