A magnetic purse system includes a vehicle that has a gas tank. The gas tank is comprised of a magnetic material. A purse is provided to contain objects. The purse includes a pair of wings and the purse has an electromagnetic shield. The purse is selectively positioned on the gas tank when the vehicle is ridden. A plurality of magnets is provided and each of the magnets is coupled to the purse and each of the wings. Each of the magnets magnetically engages the gas tank when the purse is positioned on the gas tank. In this way the purse is stored when the vehicle is driven.