A magnetically balanced pen and base set which includes a base member housing a small magnet and a larger magnet located directly below it. The pen assembly has a barrel, a magnetically attractable tip, and a small, but powerful magnet located inside the barrel above the tip. The magnet in the pen barrel has a polarity equal to that of the upper surface of the large magnet in the base. these two magnets repel each other holding the pen up, while the smaller magnet holds the tip of the pen to the base.