The Midas Elixir is a golden teardrop containing a magicalpotion 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 in 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 wizard 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 is an important ingredient in the potion that bestows the Sorcerer's Secret on its drinker, being the catalyst that activates the four elements and brings them alive. Magic flows through the Elixir itself untamed and pure, being gold given by the gods themselves.
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.
There was a ancient Greek king named Midas who ruled over the land of Phrygia in Asia Minor.
One day the god Dionysus discovered that his old school master and foster father, the satyr Silenus, had gone missing. The old man had wandered away drunk and come to the land of Phrygia where the ancient Geeek king Midas ruled. Some peasants found the foreigner asleep on their land and bound him and carried him before King Midas (alternatively, he passed out in Midas' rose garden). Midas however recognized Silenus as a follower of the god Dionysus. Not only was he a follower og the god, but he was also a personal companion of his. Midas had the satyr released immediately and showed him great hospitalitity, feasting with him for ten days and nights while Silenus entertained Midas with stories and songs. When it came time gor Silenus to leave to rejoin Dionysus, King Midas travelled with him.
For his kind treatment of Silenus, Dionysus wanted to grant King Midas a wish. Midas wished for the power to transform anything he touched into gold. Dionysus tried to dissuade the king from the wish, however Midas insisted it was an excellent wish and so Dionysus granted. However the reward quickly proved to be a curse rather than a gift, as Midas began inadvertently changing things into gold that he never meant to, including his own daughter and children, thus rendering them dead.
King Midas was distraught pleaded with the gods to have his power stripped from him, and Dionysus, taking pity on Midas, allowed the king to wash away thr golden touch in the river Pactolus. As Midas did so, the magical power of the golden touch washed away in the flowing river water, creating the Midas Elixir – a mixture of the water of the river Pactolus and the magic touch that could transmute anything it touched into gold – which retained the transmutative properties of Midas' former golden touch. Midas collected some of the Elixir in a teardrop-shaped glass container that could somehow withstand the transmutative properties of the potion and had it buried with him in his tomb.
Discovery and theft from Midas' tomb
Eventually, the Midas Elixir was found in King Midas' tomb and stolen by the wizard Edward Bane as part of his appæication to take the then empty spot in the Circle of Seven Sorcerers, the leaders of the Secret Society of Seven Sorcerers. Bane was successful, and for a long time the Midas Elixir was possessed by the Society's Circle.
King Midas' tomb was later discovered by Folk, however as the Midas Elixir had already been unearthed and stolen from it by Bane long before then, the Midas Elixir was not found inside of it. 
Theft from the Secret Society of Seven Sorcerers
A joint MBI and FBI operation was staged, with two members of the Society, Lord Alex and Asmode, secretly cooperating with with MBI agent Luli and FBI agents Philip Fabiano and Ira Lefkoff, to steal the Midas Elixir as well as the Nostradamus Medallion from the Society and hiding the items where no Wizardry or Folk could find it. Alex and Asmode brought the items to the two Folk at a agreed upon meeting place and Agent Fabiano and Agent Lefkoff gave them to Agent Lefkoff's sister, Henrietta for safekeeping, at her house in Mount Dora, Florida.
The Secret Society of Seven Sorcerers
As Henrietta grew old, she gave the Midas Elixir to her Folk assistant Emily Johnson, and ordered her to take it with her and find a wizard to trust snd give it to, as she knew dark wizards were on their way to take it from her. Johnson did as she was told, driving away with the Elixir, lesving her friend to die grom an attack by Society members under Lord Alex's leadership.