A magnetic dipole is the limit of either a closed loop of electric current or a pair of poles as the dimensions of the source are reduced to zero while keeping the magnetic moment constant. It is a magnetic analogue of the electric dipole, but the analogy is not complete. In particular, a magnetic monopole, the magnetic analogue of an electric charge, has never been observed. Moreover, one form of magnetic dipole moment is associated with a fundamental quantum property—the spin of elementary particles.