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This is a Music Nomad setup tool made for Deering banjos: a 1/4-inch truss rod wrench with a magnetized Phillips screwdriver on the other end. It is built from carbon steel with an ergonomic handle and a protective bumper, and the same 1/4-inch end fits Deering 1/4-inch hex nuts for head tension. It also works on guitars with a 1/4-inch truss rod nut. It is not compatible with Goodtime banjos, so check your model before buying.
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This truss rod wrench is made by Music Nomad and is used to adjust the truss rod on a Deering banjo. It can also be used on a guitar. The opposite end has a magnetized Philips head screwdriver.
The tool is made of strong carbon steel and has an ergonomic handle and a protective bumper. The 1/4" wrench also fits Deering 1/4" hex nuts, so it can be used to adjust banjo head tension.
