Abstract: A magnetic tool holding apparatus having: a) a plastic molding having a front tool holding side portion, a similarly dimensioned rear side portion and a peripheral edge extending between the front and rear side portions; b) a magnetic receptor opening, dimensioned to closely receive and tightly hold a magnet, extending from and the rear side portion of the plastic molding, but said opening not extending entirely through the molding to the front side portion; c) wall attachment means on the rear wall side of the molding for attachment to a wall; and, d) a magnet for insertion within the magnet receptor opening.