Below are the two wizard figures from the Dungeons and Dragons toy line made by LJN. The evil Wizard Kelek (left) and the good Wizard Ringlerun (right). Both figures are missing their soft goods robes and staffs. They look more like street urchins that powerful wizards dressed like this.
Both figures feature "GIJoe like" articulation at the shoulders and hips, but that's about it. No neck, knees or elbow movement. I bought both of these guys a yard sales as a kid.