The Midas Elixir is a golden teardrop containing a magical potion that turns anything it touches to gold. The potion itself is the remaining water collected by the ancient Greek king, Midas, after washing his hands in the river Pactolus to cleanse himself of his curse of turning everything he touched to gold. It was owned by Midas although after the Greek king's death it disappeared only to resurface when Nicolas Flamel reported using it his alchemical studies. It was then believed to have been placed back in Midas's tomb. Later in the 1960s the Midas Elixir was stolen by the Edwin Bane for an interview for the open spot in the Secret Society of Seven Sorcerer's Circle of Seven Sorcerers. It was however taken from the Society with the Nostradamus Medallion by Lord Alex and Asmode in collaboration with Luli of the MBI and Philip Fabiano and Ira Lefkoff of the FBI. Ira gave them to his sister, Henrietta Lefkoff, who kept them until 2007 when dark wizards came looking for it. Then the piece of jewellery was given to Brendan Mahgo for a time after by Henrietta's help, Emily Johnson, at at Alivan's Wizards and Witches Corner Store's first annual Halloween costume contest as a prize after he'd hovered on a flying broom for the first time in his life.
The Midas Elixir pendant resembles a long glass teardrop containing a golden, glowing liquid, attached to a leather string so that it can be worn as a necklace.