Pegboard also comes with either 1/8 or 1/4 holes, and the hardware comes in both sizes. Before you pay for either check to see which size the store carries. Few stores carry both size boards in my experience. 1/8 inch hardware will not stay in 1/4 inch holes worth a darn. A variety pack of hardware will include rubber spacers and screws to hold the pegboard off the wall. Framing under the pegboard may make entire rows of holes unusable so I recommend using the spacers. Can you tell I use a lot of pegboard?