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The Magnetic Nail Holder consists of a magnet inserted into each end of a 4- or 5-inch piece of silicone rubber tubing, with a groove ground into each magnet to accommodate nails of various shapes and sizes. This device would be most useful to someone whose grasping ability is limited to the web-space in one's hand. It can also be used to hold a punch, small chisel, or nail set as shown in the figure.