Pegboard pegs can be thin or thick, colored or made of natural wood. Pegs can even be shaped in different shapes, like stars, flowers or even hooks. Keeping pegboard pegs in good condition can be a challenge, depending on how they are used. A couple of things can be done to keep your pegs in good working condition, so that they can be used for a long time.
Step 1 - Inspect the Pegboard
When you find that your pegboard is not holding pegs properly, the first place to check is the holes in the pegboard. If pegs are moved around on the board, as in a game, the holes will begin to wear thin and the holes stretched open.
Step 2 - Inspect Pegboard Pegs
In addition to the peg holes in the pegboard getting worn with time, the pegs themselves can begin to wear down, or splinter. Instead of using your fingers to feel for wear or splinters, a soft cloth, microfiber or even old nylons can be used to feel for any rough places on the pegs. Using the cloth will remove the potential for getting a splinter in your fingers while inspecting.
Step 3 - Fix Worn Holes in Pegboard
You may need a little bit of wood filler to make the size of the holes more narrow. Use a toothpick to put wood filler inside the hole, but do not fill the holes with filler. Paste the filler around the inside perimeter of the hole. When the wood filler dries, about 24 hours, use the wood file, smaller circumference than the pegs, and carefully file the wood filler down until a peg will fit securely into the hole without getting stuck.
Step 4 - Fix Damaged Pegs
Use fine grit sandpaper to smooth off any rough edges on pegs. Be careful to not make the pegs more narrow than what will fit into the pegboard holes. If you are using colored pegs that you have to sand down, the color can be restored in the peg by painting the pegs with some food coloring.
If you use paint you can change the size of the peg by the thickness of the paint, but with a food coloring, or a wood stain, all you are doing is changing the color of the wood peg and not changing the circumference.
If there is a great deal of damage to the pegs you can reconstruct them with the wood filler. Using the flat toothpicks put a thin layer of wood filler around the sides of the peg. Keep the wood rough to ensure the wood filler will adhere to the peg. Wait 24 hours and sand the peg down to the appropriate size to fit into the pegboard holes. Use wood stain or food coloring to restore the color of the peg.