This has to be the cheapest and easiest way to make a tap holder. These are made using threaded rod connector nuts and some bolts. Nice thing is they are already drilled and tapped so all you do is drill the hole(s) for the tap and you're done.
To fit all my taps, I made 3 different sizes. Each one has 2 different sized holes so you pick the one that fits best. These fit everything from my 4-40 up to 1/2 inch taps.
You could opt to make handles instead of using the bolts.
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