1. Sets
  2. Town
  3. Racing
6551 LEGO Racing Checkered Flag 500 thumbnail image

6551 LEGO Racing Checkered Flag 500
Images 5Description 
6551 LEGO Racing Checkered Flag 500
  • Checkered Flag 500 thumbnail
  • Checkered Flag 500 thumbnail
  • Checkered Flag 500 thumbnail
  • Checkered Flag 500 thumbnail
  • Checkered Flag 500 thumbnail

LEGO 6551 Checkered Flag 500 is a vintage Town set from 1992 valued at $241 for new and sealed sets, up 808% from an original retail price of $26.50. Annual appreciation has averaged 5.54% since release. Used copies are valued between $29 and $36 depending on condition.

Set Value (New/Sealed)

This chart represents the current new/sealed value of the set Checkered Flag 500 since September 2016. Very high accuracy
LEGO 6551 Checkered Flag 500 is a Town Racing set released in 1992, containing 193 pieces and 6 minifigures. Also known as Octan 2000, it includes a race track baseplate with a start/finish line and start lights pole, a grandstand, a pit stop, and barricades with Octan branding. The set features two race cars with spring suspensions and large rear spoilers, numbered 2 and 4. The minifigures comprise two drivers (including Eddie Octane), two crew members with a walkie-talkie and a checkered flag, and two spectators.

A new and sealed Checkered Flag 500 is currently valued at around $241, with annual growth of approximately 4%, which is lower than other Racing sets. The average used price is $30 for those in good overall condition. New and sealed listings currently range from $189 to $281. Based on current trends, this set could be valued near $254 within the next year.
All regions

For Sale (New/Sealed)

 (US) 6551 Classic Town Race Checkered Flag 500 NEW Set in Sealed Box 1992
BrickEconomy Choice
$179.99
(US) (6551) System Town: Checkered Flag 500 - New Sealed Retired - Vintage Rare $189.99
-21.0%
(US) This set is Brand New and Sealed. We are the original owner and bought it new off the... $225.00
-6.4%
(DE) brand NEW in SEALED box $262.49
+9.1%
(HK) GOOD BOX CONDUCTION $280.00
+16.4%
(DE) Town 6551 Checkered Flag 500 Unopened New MISB Sealed Toy Sealed $290.76
+20.9%

Sets in Town / Racing

6539 Victory Cup Racers

Theme / Subtheme Town / Racing
Year 1993
Pieces / Minifigs 458 / 4
Availability Retired
6539 LEGO Racing Victory Cup Racers
Retail $41.99
Value $296.00
Growth  +604.9%
Annual growth 6.1%

1992 Dragsters

Theme / Subtheme Town / Racing
Year 1993
Pieces / Minifigs 104 / 2
Availability Retired
1992 LEGO Racing Dragsters
Retail $7.75
Value $69.08
Growth  +791.4%
Annual growth 6.9%

1991 Racing Pick-Up Truck

Theme / Subtheme Town / Racing
Year 1993
Pieces / Minifigs 81 / 1
Availability Retired
1991 LEGO Racing Pick-Up Truck
Retail $6.99
Value $42.92
Growth  +514.0%
Annual growth 6.4%

6646 Screaming Patriot

Theme / Subtheme Town / Racing
Year 1991
Pieces / Minifigs 65 / 1
Availability Retired
6646 LEGO Racing Screaming Patriot
Retail $6.75
Value $75.12
Growth  +1012.9%
Annual growth 5.0%

6648 Mag Racer

Theme / Subtheme Town / Racing
Year 1992
Pieces / Minifigs 62 / 1
Availability Retired
6648 LEGO Racing Mag Racer
Retail $7.25
Value $39.70
Growth  +447.6%
Annual growth 4.8%

1890 Octan Racer

Theme / Subtheme Town / Racing
Year 1992
Pieces / Minifigs 47 / 1
Availability Retired
1890 LEGO Racing Octan Racer
Retail $3.49
Value $40.41
Growth  +1057.9%
Annual growth 7.5%

1477 Red Race Car Number 3

Theme / Subtheme Town / Racing
Year 1991
Pieces / Minifigs 39 / 1
Availability Retired
1477 LEGO Racing Red Race Car Number 3
Retail $2.99
Value $236.10
Growth  +7796.3%
Annual growth 13.3%

6509 Red Devil Racer

Theme / Subtheme Town / Racing
Year 1991
Pieces / Minifigs 39 / 1
Availability Retired
6509 LEGO Racing Red Devil Racer
Retail $1.99
Value $30.00
Growth  +1407.5%
Annual growth 5.8%

1990 Octan F1 Race Car

Theme / Subtheme Town / Racing
Year 1993
Pieces / Minifigs 35 / 1
Availability Retired
1990 LEGO Racing Octan F1 Race Car
Retail $1.99
Value $20.35
Growth  +922.6%
Annual growth 6.6%

1461 Turbo Force

Theme / Subtheme Town / Racing
Year 1992
Pieces / Minifigs 31 / 1
Availability Retired
1461 LEGO Racing Turbo Force
Retail $1.99
Value $28.98
Growth  +1356.3%
Annual growth 6.7%

1693 Racing Car

Theme / Subtheme Town / Racing
Year 1992
Pieces 26
Availability Retired
1693 LEGO Racing Car
Retail $1.99
Value $46.33
Growth  +2228.1%
Annual growth 8.4%

1611 Red Race Car

Theme / Subtheme Town / Racing
Year 1991
Pieces 21
Availability Retired
1611 LEGO Racing Red Race Car
Retail $1.99
Value $23.87
Growth  +1099.5%
Annual growth 6.1%

My Collection

Checkered Flag 500 Reviews

6 reviews
4.8
Collectors
Investors
Brickipedia
“The two racers share the same design and feature spring suspensions and large rear spoilers. They are labelled with the numbers "2" and "4". Among the six included minifigures are the two race drivers (including Eddie Octane), two race crew members (one with a walkie talkie... More and one with a checkered flag) as well as a male and a female spectator.”
Full review at brickipedia.fandom.com
BrickEconomy Member Review
“This vintage racing set offers a blend of functionality and classic LEGO design. Featuring two color-coded dune buggies with adjustable suspension and detailed builds, a start/finish line on a road plate, and six well-themed minifigures, it provides all the essentials for an exciting race day setup. The inclusion of unique accessories like a working floor jack, a tool rack, and a starting system adds play value.”
 

About Town Racing

The LEGO Town Racing theme, active from 1980 to 1999, centered on motorsports and competitive racing. Key sets include 6395 Victory Lap Raceway, a comprehensive racing circuit with grandstands and pit areas, and 6335 Indy Transport, featuring a transporter truck and race cars for Indy-style racing. The 6337 Fast Track Finish set provided a finish line and race infrastructure to complete the racing experience.

Racing consists of 48 sets that ran from 1980 to 1999. As of today, 6395 Victory Lap Raceway is the most valuable Racing set with an estimated new/factory sealed value of $683.
Summary
Town Racing Checkered Flag 500 set 6551 was released in January 1992, retailing for $27, but has since been retired. New, unopened Checkered Flag 500 sets are valued at $241, while used sets can be found for $30 in good condition.
Read more
It's an exciting day at the races! These two mag racers are raring to go with front and rear wheel suspension, tilting headlights, and adjustable rear spoilers for maximum performance. Raceway comes complete with pit stop, starting light, and 6 race crew members. 177 pieces.
Description provided by LEGO©