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An apparatus and method for retrieving metal objects. The apparatus includes a housing with an inner part, with the housing having a first wall. The apparatus further includes a sleeve disposed within the housing, with the sleeve being constructed of a non-magnetic conduction material. A magnet is d

An apparatus and method for retrieving metal objects. The apparatus includes a housing with an inner part, with the housing having a first wall. The apparatus further includes a sleeve disposed within the housing, with the sleeve being constructed of a non-magnetic conduction material. A magnet is disposed within the sleeve, with the magnet having a north pole and a south pole. The apparatus further includes a container disposed within the sleeve, the container having a second wall. In the most preferred embodiment, the first wall defines a first pathway for magnetic lines of flux for the north pole of the magnet and wherein the second wall defines a second pathway for magnetic lines of flux for the south pole of the magnet so that a toroidal magnetic field is formed about the distal end of the sleeve.

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I claim: 1. An apparatus for retrieving a metal object comprising: a cylindrical housing with an inner part, said housing having a first wall, wherein said housing has a radial open end and a closed end; a sleeve concentrically disposed within said housing, said sleeve being constructed of a non-ma

I claim: 1. An apparatus for retrieving a metal object comprising: a cylindrical housing with an inner part, said housing having a first wall, wherein said housing has a radial open end and a closed end; a sleeve concentrically disposed within said housing, said sleeve being constructed of a non-magnetic conduction material, said sleeve having a proximal end and a distal radial end; a magnet disposed within said sleeve, said magnet having a north pole and a south pole; a container disposed within said sleeve, said container having a second wall, wherein said container having a closed end and a radial open end, and wherein said open end defines a cavity, and wherein said radial open end of said housing, said distal radial end of said sleeve, and said radial open end of said container are flush; wherein said first wall defines a first pathway for magnetic lines of flux for the north pole of the magnet and wherein said second wall defines a second pathway for magnetic lines of flux for the south pole of the magnet so that an annular magnetic field is formed about said flush radial open end of said housing, said distal radial end of said sleeve, and said radial open end of said container. 2. The apparatus of claim 1 wherein said magnet material is a rare earth permanent magnetic material selected from the group consisting of neodymium, iron boron, and sumarium cobalt. 3. The apparatus of claim 2 wherein said non-magnetic conduction material is selected from the group consisting of aluminum, copper, brass, plastics and alloys not having iron and tungsten. 4. The apparatus of claim 3 wherein said container material is selected from the group consisting of iron and steel alloys. 5. The apparatus of claim 4 wherein said housing is connected to a wire line string. 6. The down hole fishing apparatus of claim 4 wherein said housing is connected to a coiled tubing string. 7. A down hole fishing apparatus for use in a well bore, the down hole fishing apparatus comprising: a cylindrical member with an inner part, said cylindrical member having a first cylindrical wall, wherein said cylindrical member has a radial open end and a closed end, and wherein said cylindrical member is constructed of iron; a cylindrical sleeve concentrically disposed within said cylindrical iron member, said cylindrical sleeve being constructed of a non-magnetic conduction material said cylindrical sleeve having a distal radial end; a magnet concentrically disposed within said cylindrical sleeve, said magnet having a north pole and a south pole; a cup disposed within said cylindrical sleeve, said cup having a second cylindrical wall, wherein said cup having a closed end and radial open end, and wherein said radial open end of said housing, said distal radial end of said sleeve, and said radial end of said container are flush; wherein said first cylindrical wall defines a first pathway for the north pole of the magnet and said second cylindrical wall defines a pathway for the south pole of the magnet said a toroidal magnetic field is formed about said flush radial open end of said housing, said distal radial end, and said radial open end of said container. 8. The down hole fishing apparatus of claim 7 wherein said non-magnetic conduction material is selected from the group consisting of aluminum, copper, brass, plastics and alloys not having iron or tungsten. 9. The down hole fishing apparatus of claim 8 wherein said magnet material is a rare earth permanent magnetic material selected from the group consisting of neodymium, iron boron, and sumarium cobalt. 10. The down hole fishing apparatus of claim 9 wherein said cup material is selected from the group consisting of iron and steel alloys. 11. The down hole fishing apparatus of claim 10 wherein said cylindrical member is connected to a wire line string. 12. The down hole fishing apparatus of claim 10 wherein said cylindrical member is connected to a coiled tubing string. 13. A method of retrieving a metal object within a well bore, the method comprising: lowering a fishing apparatus into the well bore on a work string, said fishing apparatus comprising: a cylindrical housing with an inner part, said housing having a first wall and a radial end; a sleeve disposed within said housing and having a radial end, said sleeve being constructed of a non-magnetic conduction material; a magnet disposed within said sleeve, said magnet having a north pole and a south pole; a container disposed within said sleeve, said container having a second wall and a radial end, and wherein said radial ends of said housing, said sleeve, and said container are flush; creating a first pathway for magnetic lines of flux for the north pole of the magnet, wherein said first pathway is formed from said first wall of said housing; creating a second pathway for magnetic lines of flux for the south pole of the magnet, wherein said second pathway is formed from said second wall of said container; generating an annular magnetic field about said radial ends of said housing, said sleeve, and said container; lowering the fishing apparatus so that the toroidal magnetic field comes into contact with the object; magnetically coupling the object to the apparatus due to the toroidal magnetic field. 14. The method of claim 13 wherein said non-magnetic conduction material is selected from the group consisting of aluminum, copper, brass, plastics and alloys not having iron or tungsten. 15. The method of claim 14 wherein said magnet material is a rare earth permanent magnetic material selected from the group consisting of neodymium, iron boron, and sumarium cobalt. 16. The method of claim 15 wherein said cup material is selected from the group consisting of iron and steel alloys. 17. The method of claim 16 wherein said housing is connected to a wire line string. 18. The method of claim 17 wherein said housing is connected to a coiled tubing string. 19. An apparatus for retrieving a metal object from a down hole tool having a fishing neck, the apparatus comprising: a cylindrical housing with an inner part, said housing having a first wall, wherein said housing has an open end and a closed end; a sleeve disposed within said housing, said sleeve being constructed of a non-magnetic conduction material, said sleeve having a proximal end and a distal end; a magnet disposed within said sleeve, said magnet having a north pole and a south pole; a container disposed within said sleeve, said container having a second wall, wherein said container having a closed end and an open end, and wherein said open end defines a cavity configured to receive the fishing neck of the down hole tool; wherein said first wall defines a first pathway for magnetic lines of flux for the north pole of the magnet and wherein said second wall defines a second pathway for magnetic lines of flux for the south pole of the magnet so that an annular magnetic field is formed about the open end of said housing, the open end of said container, and the distal end of said sleeve.