Patent attributes
A magnet tool bit wallet includes a fabric body formed from first and second overlying panels, and having a magnetic support portion, a bit retainer portion, and a closeable pocket portion. The magnetic support portion encloses a pair of elongate magnet assemblies between the panels, each magnet assembly including a row of disc magnets disposed between a pair of ferromagnetic strips. The rows of disc magnets have opposite polarity to adjacent magnets, and opposite polarity to corresponding magnets in the other magnet assembly. The bit retainer portion includes at least one block configured to retain tool bits. In a folded configuration the magnet assemblies overlie each other, and a flap on the magnetic portion overlies the pocket portion to retain the wallet in the folded configuration.