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The wheel speed sensors do have a small cylindrical magnet in them. From your description, it does sound like that's what it is. The plastic half-dome must've broken off the nose of the sensor. You could try gluing it back in, but I'd guess chances are low it'll work. The magnet goes inside a coil of hair-like wires, so be careful when you stuff it back in that you don't break one or scrap the insulation off. The wires have that thin varnish-like insulation. Also, be sure to get it fully re-inserted. If it's not, it might rub on the tone ring; a gear-looking thingy with teeth that the sensor sees to generate pulses as it rotates.
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1992 Camry LE, V6 (3VZ-FE), ABS brakes, 330k miles, dark emerald pearl, owned since new.
1996 Avalon XLS, ABS brakes, moonroof, white, acquired w/ 139k miles, now at 261k.
2001 Yamaha FZ1, Ivan's jet kit, resprung all around, Ohlins in the rear, Race Tech cartridge emulators in the forks, 45k miles.
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