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The Eazypower Stayzon Magnetic Screw Holder uses four or six magnets in each donut-shaped tool so it continuously holds screws in place. It works even on those tiny screws and hard-to-reach places that everyone runs into. It can also be used to collect shavings when drilling into an electrical box or other small ferrous metal objects. It comes in four different diameters: 3/16", 1/4", 5/16" and 7/16". The 7/16" holder comes with six magnets and designed with versatility since it can be used with any four-in-one, six-in-one or eight-in-one screwdriver.