Trolling Motor problems

[Lake Chuck Duck]

We had the exact same thing on my dad's minn kota. I took it apart and found a piece of magnet broke off, bigger that the piece broke off of yours. Took it out, put motor back together, and hasnt missed a lick sense. That has been many years ago. I believe his broke by hitting the motor with something if I remember right

[meaux fishing]

Yep I had a magnet broke on my old motor... no problems with mine either