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Magnetic snap used to purses and bags. Comes with backing washers.Here is a good tutorial about installing them, by Noodlehead, the maker of the Super Tote.
Magnetic Snaps - 1/2" - Silver
Invisible Magnetic Snaps - 12mm - Waterproof
Colourful Magnetic Snap - 2 pack
Sew-On Snaps - 20 pack - 6-11mm
Mini Star Mother of Pearl Button - 10 pack