This figurine is one of a set of three 54mm prototypes that were to be used as promotional material back in the nineties for a 54mm line of products that never was released (maybe along with the ME figurines and the “Saruman (54Proto1)” it is gloss white finish and used to have a round mirror for display purpose. This Prototype later was used to produce the “Christmas 1994 Gandalf figurine” (thoughslightly different)Only two or three sets exists in the world and they never were used, even for the promotional use they were meant for…. The other two figurines are a “Galadriel (54Proto2)” and an “Aragorn (54Proto4)”