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Magnets are made of ferrous metals and so strictly speaking they are the color of metal, either polished to a shine or dull gray/black from oxidation. Often, however, magnets are painted or coated for presentation or in order to distinguish the north and south poles. Traditionally a horseshoe magnet is painted red with the two ends left unpainted so that the steel is visible. On a bar magnet, the south pole is usually colored blue and the north pole is colored south. Since magnets have various industrial uses they come in all shapes and sizes and can be difficult to recognize if you are not familiar with the equipment or its function.

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