This segulah has a storied history, and, according to one mesorah, has been transmitted from heaven by Eliyahu Hanavi himself. R' Chaim Vital often used this segulah and personally testified to its wonderful powers. In later generations, the Chasam Sofer performed it on behalf of all the residents of his hometown, Pressburg, during Napoleon's invasion. During the subsequent fighting, all of the homes were destroyed—yet not one Jew perished. The Magid of Mezritch, the Mekubal R Mordechai Sharabi, and the Ateres Tzvi were known to have performed this segulah to incredible effect as well.
It begins with setting aside 160 coins of pure silver (Kollel Chatzos obtained such coins expressly for the purpose of performing this 'redemption'), followed by various prayers and esoteric invocations as described by early mekebulim. The scholars of Kollel Chatzos in Meron perform this complex set of devotions at request, reciting name(s) as a merit for success, removal of illness, etc.
The history of a segulah
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rashash redemption