For those of you that haven't seen this in action:
An eBay seller called magnet4less has a nice variety of neodymium magnets. I bought some of his 1/2" N48 sphere magnets. They work very well in 3/4" copper pipe.
The effect is amazing -- especially when you first demonstrate that the magnet is not attracted to the copper.
I dropped one through a 10' piece of 3/4" copper pipe and it took about 13 seconds to make it all the way through. It works well in short pieces, too.
Bob