Abstract: A display rack for holding a number of magnetic measuring/gaging devices in a releasable manner is provided. The rack has a rigid, vertically planar, magnetically-attractable holder, a rigid, horizontal tray secured to the lower edge of the holder and configured to engage one of the ends of each device, and an attachment member secured to the rear edge of the holder for mounting the rack to a display structure. Preferably, the measuring/gaging devices are torpedo levels. A label-plate can be attached to the front edge of the holder. The display rack in certain embodiments is capable of attachment to either a cross-bar or a pegboard. In other embodiments, the display rack has two holder-plates and a stand member for engaging a display surface.