Renowned jewelry entrepreneur Carolyn Rafaelian has unveiled a new venture, Alchemist Mint, introducing a limited-edition commemorative coin collection crafted using original copper recovered from the Statue of Liberty.
The project marks the first known use of authentic Statue of Liberty material in a commemorative coin, according to Rafaelian. The copper was salvaged during the iconic monument’s restoration between 1984 and 1986 ahead of its centennial celebration.
Historic Copper Transformed Into Collectible Coins
The inaugural release from Alchemist Mint features an octagonal coin measuring 30 mm in diameter. The design showcases Lady Liberty in profile alongside the phrase “Liberty Enlightening the World,” a reference to the statue’s official name.
Each coin contains authenticated copper sourced directly from the restoration project and is individually serialized with edge engraving. Buyers will also receive archival packaging and detailed provenance documentation, including metallurgical analysis and chain-of-custody records verifying the material’s authenticity.
Deliveries for the first collection are expected during the fourth quarter of 2026.
Coin Launch Coincides With America’s 250th Anniversary
The release also commemorates the 250th anniversary of the United States. The commemorative coins will retail for $250 each, with 20% of gross proceeds pledged to nonprofit organizations including the American Liberty Congress, Special Forces Trust and Purple Heart Homes.
Rafaelian stated that the project aims to preserve and share an important symbol of liberty and American history with the public.
Sustainable Minting and Future Jewelry Expansion
According to Rafaelian, Alchemist Mint operates as a fully recycled-material mint, using reclaimed metals throughout the production process from melting to finishing.
She revealed that she took custody of the Statue of Liberty copper in 2016 from collector Rick Stocks, who had preserved pieces removed during the restoration work.
The company may also expand into jewelry in the future, with Rafaelian considering the development of wearable frames that would allow the coins to be used as pendants.
Exhibition Planned at Historic Belcourt Mansion
Rafaelian is also the steward of Belcourt of Newport, the historic Gilded Age mansion designed by architect Richard Morris Hunt, who also created the pedestal for the Statue of Liberty.
A permanent exhibition showcasing the Statue of Liberty metals collection is scheduled to open at Belcourt in June 2026, further connecting the commemorative project with American architectural and cultural history.
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