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Magnetic Bit Holder. Magnetic Bit Holder ¼'. Length: 58mm. Packaging:1 Pack Carded. An extension to use with your screwdriver to hold a Pozidriv, Square, Phillips or Slotted screwdriver bit by means of a magnet. Very useful to hold screws without hurting fingers. All bits with a ¼ inch drive will fit in this magnetic holder. Universal hexagonal shaft in 6.35 mm (¼ inch).