Continuity mistake: In the scene where Robin and Little John are disguised as fortune tellers, Little John "kisses" the three stones out of the rings on Prince John's left hand. In the rest of the scene that left hand changes backwards and forwards between shots with having no rings at all to having rings with only the claws. (This is not the same hand Robin Hood takes the ring from).
Continuity mistake: After Robin and Little John kiss Prince John's hands and steal the jewels, Robin pretends to tell the Prince's fortune. Little John produces a ball full of fireflies and the prince tries to touch it, but Robin hits his hand away. The prince looks at it in shock - but surely he would have noticed the jewel missing from his ring.
Continuity mistake: At the beginning of the movie, when we see Prince John marching from a significant distance, there are 18 rhino guards walking in front of the two elephants who are dragging Prince John's wagon. In the next shot when the camera is closer to the march, there are only 12.
Continuity mistake: In the scene where Robin Hood is talking to Little John and Friar Tuck about entering the archery tournament, Robin Hood jumps up on a wooden platform and is wearing a quiver with two arrows on his back. The quiver vanishes in his next shot where he fires an arrow at a pan hanging from a tree.
Answer: Just like Robin Hood, he would have likely given them to the poor who could have sold the hubcaps themselves.