Container with magnetic closure

A container, comprising:

• an outer shell formed from a water-resistant material, and having a front portion, a back portion, side portions, and a base portion, the outer shell further comprising:
• a series of webbing loops coupled to an outer surface of the front portion;
• an opening at a top of the container extending into a storage compartment, the opening having a substantially rectilinear geometry when fully open, and having a front, a back, a first side, and a second side;
• a closure mechanism, further comprising:
• a flap, extending from the back portion of the outer shell above the opening;
• a hook fastener element, rotatably coupled to the flap, and configured to be removably coupled to a selected webbing loop, from the series of webbing loops;
• a folding magnetic collar configured to be folded between an open configuration and a closed configuration to seal the opening, the folding magnetic collar further comprising:
• a front collar member extending between a first end and a second end of the front of the opening, the front collar member further comprising:
• a projection extending toward the back of the opening, the projection having a first magnetic surface facing the back of the opening;
• a second magnetic surface positioned proximate the first end of the opening;
• a third magnetic surface positioned proximate the second end of the opening, wherein the second magnetic surface and the third magnetic surface have a first thickness and face the back of the opening, wherein the projection is positioned centrally on the front collar member between the second magnetic surface and the third magnetic surface, and the projection has a second thickness, greater than the first thickness;
• a back collar member extending between a first end and a second end of the back of the opening, the back collar member further comprising:
• a projection extending toward the front of the opening, the projection having a first magnetic surface facing the front of the opening;
• a second magnetic surface positioned proximate the first end of the opening;
• a third magnetic surface positioned proximate the second end of the opening, wherein the second and third magnetic surfaces have a first thickness and face the front of the opening, wherein the projection is positioned centrally on the back collar member between the second magnetic surface and the third magnetic surface, and the projection has a second thickness, greater than the first thickness;
• a first side collar member extending along the first side of the opening, and hingedly coupled to the first end of the front collar member and to the first end of the back collar member, the first side collar member further comprising a center hinge separating a first magnetic surface and a second magnetic surface;
• and
• a second side collar member extending along the second side of the opening, and hingedly coupled to the second end of the front collar member and to the second end of the back collar member, the second side collar member further comprising a center hinge separating a first magnetic surface and a second magnetic surface,
• wherein when the opening is fully open, the front collar member, the back collar member, the first side collar member, and the second side collar member are positioned in a substantially rectilinear configuration,
• wherein when folded, the center hinge of the first side collar member hinges and the first and second magnetic surfaces of the first side collar member are brought into contact with one another,
• wherein when folded, the center hinge of the second side collar member hinges and the first and second magnetic surfaces of the second side collar member are brought into contact with one another, and
• wherein when the center hinge of the first side collar and the center hinge of the second side collar are folded, the magnetic surface of the front collar member is brought into contact with and magnetically coupled to the magnetic surface of the back collar member.