âIts worth was ten times that of gold, and now it is beyond priceâ¦â The mythical metal Mithril inspires this cosplay styled Frodo Baggins mini backpack from Loungefly, celebrating The Lord of the Rings as brought to life in Peter Jackson's films. Made from faux leather, it features a realistic ring with engraved detailing, a front chain, real buttons, embroidered and debossed elements, plus woven and metallic faux leather details that nod to Frodo's iconic look.