The skeleton key is an unbreakable key that you have to return in order to continue with the Thieves questline. However, you can keep the skeleton key until you get the unbreakable pick perk, then continue the Thieves questline.
Originally Answered: Should you keep the skeleton key in Skyrim? Perhaps you should keep it until your lockpicking skill is a sufficiently high level. At that point, say, around level 90 or so, you really won't have much trouble picking even Master locks, so returning the Skeleton Key to Nocturnal is a fine decision.
To complete this quest, the Dragonborn must take the Pilgrim's Path to the Twilight Sepulcher in order to put the Skeleton Key back where it belongs. As the Sepulcher is entered, the ghost of Gallus Desidenius, the Nightingale murdered by Mercer Frey, is encountered.
The Skeleton Key is a Daedric artifact acquired after killing Mercer Frey. The Skeleton Key is an unbreakable lockpick, making it rather useful to enterprising thieves. The Skeleton Key also has a secondary, less known function as being used to keep open Ebonmere, a well from which luck flows into the world.
The quests require killing undead in the plaguelands, money, and a trip to Un'goro. This lock can be picked by rogues with lockpicking skill 280 or higher.
Usage. The Skeleton Key can be used like a regular lockpick and can be kept indefinitely, provided it's never returned to the Twilight Sepulcher, during the mission "Darkness Returns." In addition, the Lockpicking skill will still increase when a lock is opened (removed in patch 1.4, back by 1.9).
Although a skeleton key is a “master key,” not all skeleton keys are the same. The size and cut of the key's bit, as well as the diameter of its barrel, determine whether it fits with a lock. Additionally, antique (or reproduction antique) skeleton keys are known for their intricate details.
The quests require killing undead in the plaguelands, money, and a trip to Un'goro. This lock can be picked by rogues with lockpicking skill 280 or higher.
Bump keys are specially cut keys that can bypass the security mechanisms built into traditional pin and tumbler locks. Bump keys are also referred to as “999 keys” because all of their ridges are cut to the maximum depth (999) in a key-making machine.
California. It's not illegal to purchase and own lock pick tools, Bump keys, bolt cutters, and the like in California. But a person is charged with a misdemeanor if there's intent to use the tools to break or enter a building without due permission.
[Skeleton Key]. Skeleton keys are created and used by blacksmiths to unlock locked doors and containers. A Rogue's lockpicking is preferable because skeleton keys are consumed when a lock is opened, but skeleton keys will do in a pinch.
A type of Key that a blacksmith can create and use that will unlock a locked Container depending on the level of Lockpicking skill required to open the lock. Only blacksmiths can use a skeleton key.
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