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The Obedient Ring
http://www.themagicteacher.com/articles/580/1/The-Obedient-Ring/Page1.html
Debjit Chaudhuri
I'm a 14 year old beginner. I invent some tricks and read from the net, cos there aren't any other magic sources where I live! Check out my other articles. 
By Debjit Chaudhuri
Published on 01/7/2008
 
A ring mysteriously moves forward to a coin and returns back with the coin!
The Obedient Ring
Attach a small magnet to the ring (the kind you find in magnetic chess pieces). Also attach an approxiamate15-inch thread to it.

  1. Sit on ground and place coin in front of you.
  2. Put your leg bent (the shape of a mountain) on the right side of the coin if your audience is on the left and vice versa, saying it blocks out negative energy.
  3. Put the ring in front of you but pass the thread through the thumb and index finger of the leg you put out and the thread should move over the coin.
  4. Now pull on the thread with your right hand and the ring moves forward towards the coin.
  5. When the ring is on the coin remove your leg and again pull the string backwards and the ring moves back with the coin!
Show this trick in a dimmed room and make the audience sit far away from you. Say that you are going to move the ring by telekenesis with the audience's help. This trick relies on effective patter.