A handheld precise liquid marker. The handheld precise liquid marker preferably creates a substantially perfect dot when marking one or more surfaces and is preferably used for multiple applications such as marking a dimple of a golf ball surface and/or providing a proper amount of dosage for medicinal applications. The handheld precise liquid marker may also comprise a liquid delivery system for dispensing a precise amount of ink or liquid onto various surfaces, a projecting/retracting mechanism, and an audible and/or tactile physical feedback mechanism. The projecting/retracting mechanism may controllably retract or protrude a nib into and out of the housing, and the audible/physical feedback mechanism may provide either a physical and/or audible click once a desired amount of ink or liquid transfers onto the surface.