Stew,
A reed switch is two little strips of contact that are pulled together when a magnet is brought near to them. Usually encapsulated, mine is in a glass tube.
Very cheap and very versatile little switches.
Last time I was using one, some many years ago now, I was winding some transformer cores on a Myford 7 lathe. I used a reed switch to count the turns and a magnet simply stuck on the chuck to activate it with each turn. It was done slowly so no fear of the magnet flying off.
I used a simple 12V counter to do the, erm,,,,counting...

A couple of thousand turns is way beyond the 10 I learnt at school. So was really quite helpful.
