A teeter-totter valve device for metering magnetic particles from a hopper includes (i) a tube connected to the hopper for flow of magnetic particles out of the hopper; (ii) a teeter-totter member having a first arm including a first distal end, and a second adjustable arm including a second distal end; (iii) a support assembly supporting the teeter-totter member on and spaced from the tube; (iv) a first magnet located at the first distal end; (v) a second magnet located at the second distal; and (vi) a moving assembly for moving each of the first magnet and the second magnet towards and away from a first near point and a second near point on the tube to create or remove a point magnetic field and magnetic particles dam within the tube, thereby stopping or allowing flow of a desired quantity of magnetic particles past the first near point and past the second near point.