Magnetized Drill bits

[Nick]

http://www.ebay.co.uk/itm/Magnetisers-De..._Equipment&hash=item51a7b87f7b

These are extremely useful - had one for years - you can demagnetise lathe/drill bits etc. but the main thing I use it for is magnetising & demagnetising screwdrivers so that you can hold steel screws onto them, or if you are working on an Avo meter or similar, be sure that your screwdriver is completely demagnetised (Avometer movements can easily be put out of calibration by magnetised tools).

Every toolbox should have one...