Magnetic pocket clip for holding firearm ammunition magazines

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A holder for receiving and releasably retaining ferrous metal ammunition magazines for firearms in a pocket of a garment includes a rare earth magnet positioned in a passage formed centrally through a ferrous metal plate, with the passage having a front end region that is sized to retain the magnet within the passage. A rear opening of the passage is closed by a flat central region of a C-shaped ferrous metal retaining member that has spaced, forwardly extending right and left arms for retaining an ammunition magazine therebetween and in contact with a front surface of the metal plate. An elongate reverse-bent metal clip positioned rearwardly of the retaining member is configured to grip garment pocket material to secure the holder where desired.