Gollum is another character that appeared in both The Hobbit and LOTR, and played substantial roles in both of the works. Gollum is really a fallen hobbit named Smeagol and is a tragic character throughout both works. He has been corrupted by the ring (though that he murders his cousin to get it shows he did not start out as an angel) and cannot stand to not have it. While the ring has prolonged his life, it has also given him extreme hatred of living things, especially elves, and twisted his soul and appearance.

This figure is the smallest of Toy Vault's line, and also the most requested. He has a large degree of articulation for a figure as small as he is, with __ points - name the points. The fact that he is very thin makes the figure itself rather fragile and arms and legs can easily come off (but usually can be restored just as easily). He was released in three versions initially and a fourth was planned for release in early 2001. Gollum was sculpted by Daniel Horne.

Gollum aka Sm�agol - This is the 'standard issue' Gollum and can represent Gollum at many parts of LOTR. He comes with a boat and a rabbit.

Gollum The Fisherman - This was a Diamond Comics exclusive and shows Gollum more as he would have appeared in The Hobbit as a simple fisherman, but sans the one ring. He comes with a boat, stand and partially eaten fish.

Gollum With His Precious - This was a Toy Vault Toy Club exclusive and was limited to 1000 pieces. This had the most interesting accessories in that it came with a boat, bat, stand and Frodo's bitten off finger.

Gollum the Evil Hobbit - This is the mass-market release of Gollum and would include a boat, stand and four albino fish, two partially eaten.