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I had the same experience as others....when it arrives the extender is coated with something that will stain anything it touches. I washed it off with dish soap and now it is fine, it's just not as shiny as it was. As for bit retention....yeah, once you put a bit in there,
Small Multi-Use Refrigerator Magnets for Refrigerator, Science, Crafts - Tiny Round Disc, Sliver, 5MM x 2MM, 60 Pcs
be prepared to use your pliers to get it back out. That said, I just pulled out that wire retaining spring and put a little magnet down inside the extender There's just enough tension from the magnet to keep the bit secure - can't shake it loose even when trying. Works like a charm now. If I had to use this extender with that spring clip, I probably would not use it at all. What a pain! If this tool came without the black grimy stuff and with a magnet instead of that spring, it would be 5 stars. Not sure why the manufacturer doesn't recognize that it could easily be improved. One other note, I wrapped a rubber band around the extender to keep it from falling out of the side loop in the belt holster.
I noticed black spots on my fingers when I removed this from the package. After wiping it down lightly with a kleenex I see that the color is already noticeably missing from the edges. I don't mind color wearing off with time and use, but it shouldn't be coming off immediately and my hands shouldn't get dirty just by using it around the house.
This thing is filthy. As soon as I handled it my fingers were jet black from some fine powder maybe case hardening powder. Ok, I washed and dried it carefully, nope fingers now dingy gray. I had to use hand cleaner to get it off, ordinary soap wouldn't cut it. I certainly don't mind getting my hands dirty but it's not usually from a brand new tool I haven't even used yet. I would expect Mr Leatherman to have better quality control than this. Yes it's a minor detail but if they're missing things like this what else are they ignoring ? I've bought plenty of tools and bits before and never had this problem. Clean up your act Leatherman. Otherwise seems OK I'm not building rockets.