A small plastic pick holder which has a self adhesive strip can be purchased for less than $2.00. Each one holds up to ten picks and I place one on the back of the peg board so I can always find or store a pick. When guitarists place the pick in the strings, it may fall out or become warped and difficult to hold.
An inexpensive alternative to buying a pick holder is a wide rubber band placed around the pegboard that will allow you to slip a pick under it as a no-cost pick holder.
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