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I bought this on one of the previous drops and wanted to add my insight since it is up again. First of all, it's $10 so I don't feel like it's much of a loss, but it is quite low quality in the paint area. The black paint started to chip away after a short month of use. It's sort of a rubbery-like paint, and when I decided to chip away at it with my fingernail it comes right off. So now I'm just using it as a silver clip, and it does work just fine. My magnets are still intact. Here's a picture of how the INSIDE of it looks to give you an idea of how cheap the paint is:
Focus on the bottom left area as some of this was purposely scratched off.