Liberty Centennial commemmorative-style lapel pin

This appears to be an enamel lapel pin housed inside a clear plastic adhesive-seal bag. The pin features a central circular medallion flanked by two crossed flags: the United States flag on the left and what appears to be the flag of Italy on the right. The central medallion bears a gold-toned depiction of the Statue of Liberty's head on a blue background, surrounded by a red border with gold-toned text reading 'LIBERTY' and '1886 CENTENNIAL 1986' verbatim. The construction appears to be die-struck metal with multi-colored enamel fills in red, white, blue, and green. The piece is stylistically consistent with commemorative souvenirs produced for the 100th anniversary of the Statue of Liberty in the mid-1980s. The owner identifies this as being in 'original packaging,' which appears to be a simple poly-bag, though this claim remains unverified as such bags are generic and easily replaced. The pin shows no obvious signs of heavy wear or oxidation through the plastic, suggesting it has been protected. Precise metal composition and maker's marks on the reverse cannot be determined without physical inspection.

Based on my visual assessment of the provided image, this item appears to be a commemorative enamel lapel pin likely produced for the 1886-1986 Statue of Liberty Centennial. The piece bears motifs consistent with mid-1980s souvenirs, featuring crossed flags and a central medallion. From what I can see, the pin is housed in a clear adhesive-seal bag, which the owner identifies as 'original packaging.' However, I cannot verify this claim from a photo as generic poly-bags are common and easily replaced. The metal composition—potentially gold-toned brass or a base metal alloy—and any maker's marks on the reverse remain undetermined without physical inspection. The market for mass-produced centennial memorabilia is generally saturated, and value is highly dependent on condition and the presence of specific manufacturer hallmarks, such as those from an authorized licensee. While this pin appears well-preserved through the plastic, I cannot confirm the absence of oxidation or pin-clutch functionality. Similar mass-market commemorative pins typically trade in the $5 to $15 range at retail. This estimate assumes the item is a period-produced souvenir from the 1986 celebration; if it were discovered to be a modern reproduction or 'in the style of' piece with inferior materials, the value would likely drop below $3.00. To confirm the origin and provide a more precise valuation, I would need to examine the reverse for hallmarks and verify the quality of the enamel and strikes in person. Professional authentication of the packaging and provenance would also be required to support the higher end of the estimate.