About Checkered Flag 500
Checkered Flag 500 (6551-1) is a LEGO Town / City set released in 1992, currently averaging $35.15 used on BrickLink. It comes with 6 minifigures worth a combined $10.22. The set has retired from retail, so secondary market is the only option.
Part-out value
The minifigures account for about 29% of the set's value ($10.22 out of $35.15). The remaining value is in the parts and the set as a complete package. Selling complete will likely net more than parting out unless you have specific demand for the individual figures.
Seller notes
- Sealed copies sell for $141.77 vs $35.15 used — a 303% premium. If you have this set new in sealed box (NISB), price it accordingly.
Minifigures in Checkered Flag 500 (6)
Common questions about Checkered Flag 500
How much is LEGO Checkered Flag 500 (6551-1) worth?
Checkered Flag 500 sells for an average of $35.15 used and $141.77 new/sealed on BrickLink based on 6 months of completed sales. As a retired set, prices tend to hold steady or appreciate over time, especially for complete sets with original packaging. Actual prices vary with completeness — missing minifigures or key parts will lower the value.
What minifigures come in LEGO set 6551-1?
This set includes 6 minifigures: Red / White Stripes Shirt, Blue Legs, Black Ponytail Hair ($2.08), Plain Black Torso with Yellow Arms, Light Gray Legs, Sunglasses, Black Male Hair ($1.59), Vertical Lines Red & Blue - Blue Arms - White Legs, Red Helmet, Trans-Light Blue Visor ($1.89), Town Vest Formal - Race Official, White Cap ($1.43), plus 2 more. The minifigures have a combined BrickLink value of $10.22. Each figure is linked above with individual pricing if you're looking to buy or sell specific characters.
Is it worth parting out LEGO Checkered Flag 500?
The minifigures make up about 29% of the set value ($10.22 out of $35.15). Most of the value is in the complete set package, so selling it whole is likely the better move unless you have buyers lined up for specific figures.
Is LEGO Checkered Flag 500 (6551-1) retired?
Yes, Checkered Flag 500 was released in 1992 and has been retired from retail for several years. Retired LEGO sets are only available on the secondary market through BrickLink, eBay, or other resale platforms.
How do I check if my Checkered Flag 500 set is complete?
Use the parts list on this page to check every piece and all 6 minifigures. For the minifigures specifically, you can use the brick'em scanner to identify each figure from a photo and confirm it matches what should be in this set. Missing pieces can be individually sourced on BrickLink.