With 348 pieces, the LEGO Gandalf the Grey & Balrog (40631) is a compact build that doesn't waste a piece. It launched in 2023 under the BrickHeadz banner at $19.99.
At $0.057 per piece, you're getting excellent bang for your buck here.
It's a straightforward, well-designed set that does what BrickHeadz does best.
Key Features
348 pieces — Compact and purpose-built — great for a quick session
$0.057 per piece — Strong price-per-piece for this theme
The Lord of the Rings collection — Sought-after corner of the BrickHeadz lineup
Released 2023 — BrickHeadz sets from this period are known for their build quality
Theme Background
The Gandalf the Grey & Balrog falls under the LEGO BrickHeadz theme, sitting in the The Lord of the Rings subtheme — a dedicated part of the LEGO catalog. Launched in 2023 at $19.99, it sits in the accessible end of BrickHeadz. At $0.057 per piece, it punches above its weight on value.
The The Lord of the Rings subcategory within BrickHeadz has its own collector base, and sets in this range tend to hold interest well after retirement. Worth keeping on the radar if you're building a BrickHeadz collection.
Why This Set Is Special
215% above retail. Now trading at $62.99, up 215% from $19.99 RRP — a 160% annualized return over 1.2 years since retirement.
Strong part-out value at 2.0x — Parts are worth $39.20 vs $19.99 retail (2.0x ratio). Theme average is 1.7x.
Frequently Asked Questions
[{"q": "How many pieces are in the LEGO Gandalf the Grey & Balrog (40631)?", "a": "The LEGO Gandalf the Grey & Balrog (40631) contains 348 pieces, making it a smaller set. Within the BrickHeadz theme, it ranks in the top 11% by piece count."}, {"q": "How much does the LEGO Gandalf the Grey & Balrog (40631) cost?", "a": "The retail price (MSRP) for the LEGO Gandalf the Grey & Balrog (40631) is $19.99 in the United States. Regional pricing is \u00a317.99 in the UK, CA$24.99 in Canada, \u20ac19.99 in Europe. This works out to $0.06 per piece. That places it in the top 25% of BrickHeadz sets for value \u2014 you get a lot of pieces for the price you pay."}, {"q": "Is the LEGO Gandalf the Grey & Balrog (40631) a good investment?", "a": "The LEGO Gandalf the Grey & Balrog (40631) shows moderate investment potential based on several factors. Key investment signals include: excellent price-per-piece value. BrickHeadz sets have historically been among the best-performing themes for post-retirement appreciation. As with any LEGO investment, buying at or below retail price maximizes potential returns. Use the BrickBucks price tracker to find the best entry point."}, {"q": "What age is the LEGO Gandalf the Grey & Balrog (40631) suitable for?", "a": "The LEGO Gandalf the Grey & Balrog (40631) is recommended for ages 10+. This strikes a nice balance between complexity and accessibility, suitable for older children and teens building with or without supervision."}, {"q": "How big is the LEGO Gandalf the Grey & Balrog (40631)?", "a": "The LEGO Gandalf the Grey & Balrog (40631) measures approximately 19.1cm \u00d7 14.1cm \u00d7 7.1cm (W\u00d7H\u00d7D). It makes for a great display piece that won't take up too much shelf space."}, {"q": "Is the LEGO Gandalf the Grey & Balrog (40631) still available?", "a": "The LEGO Gandalf the Grey & Balrog (40631) retired on December 31, 2024 and is no longer available at retail. You can find this set on secondary markets including Amazon, eBay, and BrickLink. Retired BrickHeadz sets often trade at a premium above their original retail price, with demand typically increasing over time as sealed inventory decreases."}, {"q": "Where can I buy the LEGO Gandalf the Grey & Balrog (40631)?", "a": "The LEGO Gandalf the Grey & Balrog (40631) is retired and only available on secondary markets. Check Amazon, eBay, and BrickLink for current listings. Use the BrickBucks price tracker to compare prices across retailers and find the best deal."}]
