A musical instrument pick holder that provides convenient temporary storage of one or more picks. The pick holder provides a housing that is the same or substantially the same shape as the pick. The pick holder stores one or more picks therein and provides for quick and easy access to the picks. The pick holder has an internal biasing member that releasably retains the picks therein. The pick holder further provides one or more exterior surfaces that are suitable for placement of advertising or marketing indicia or graphical elements. The pick holder further comprises a key ring or other clasping element for releasable coupling with another items such as the garment of a musician.