Space-saving, edge-guarding chisel holder
In each chisel slot, I drilled a hole to accommodate a 1⁄4 "-diameter rare-earth magnet with a matching steel cup (Lee Valley Tools, no. 99K33.10, 800-871-8158, leevalley.com). When mounted to the wall, the magnets secure the chisels with the cutting edges protected, but the chisels lift out easily without interfering with any tools that are mounted above.
—Bob Catterson, Pewaukee, Wis.