The effect of liquid CO2 on coal dissolution plays a key role in improving coal bed methane (CBM) recovery and CO2 geological storage. In order to study the effect of liquid CO2–H2O reaction on the migration of mineral constant elements in coal, three kinds of coal samples (lignite, bituminous coal, and anthracite) with different degrees of metamorphism were selected as the research objects. The one-factor experiments of dissolution of liquid CO2 and water-bearing coal samples were carried out by simulating the temperature and pressure of the stratum. X-ray fluorescence spectroscopy (XRF) was used to test the changes in the relative content of constant elements in coal samples after liquid CO2 injection under different pressure conditions. Scanning electron microscopy (SEM) was utilized to observe the evolution pattern of the surface features of the coal before and after the dissolution of liquid CO2. A quantitative analysis of coal pore development characteristics was conducted based on low-temperature N2 adsorption/desorption experiments, and isothermal adsorption experiments were carried out before and after etching the coal samples to understand the adsorption characteristics of CH4 and CO2 by coal under different pressure conditions. The research results indicated that the migration ability of constant elements in coal showed a trend of first decreasing and then increasing with the increasing degree of coal metamorphism. Among the three selected coal samples, the migration ability of constant elements was found to be strongest in anthracite, followed by lignite and bituminous coal. Most of the element migration in coal was carried out through chemical reactions (hydrolysis, carbonation, redox), while some elements were primarily transported through physical means (such as the low-temperature impact of liquid CO2). The dissolution process expands the original pore space of coal and generates new pores, greatly increasing the coal's capacity for CO2 adsorption. These findings deepen our understanding of mineral dissolution in coal by liquid CO2 and provide important insights for achieving efficient and long-term coalbed CO2 geological storage and enhanced methane recovery techniques.