MagClip MagMount is a magnetic tool storage solution that locks onto the pegboard to hold many types of hand tools. MagMount has a patented locking system that keeps the magnetic tool holder secured to the pegboard but can be repositioned unlimited times with no damage to the pegboard as requirements change. MagMount uses the pegboard holes for mounting and is ideal for odd shaped tools or any hand tool that a DuraHook or standard pegboard hook will not accommodate. Strong disc- shaped, super hold rare earth magnets will keep the tool on the pegboard and will accept the tool back into place immediately.