It took me several years, and lots of Tammy Nowatzki classes, to learn to embrace the value of a good punch. But now I have several and I've had a heck of a time figuring out how to store them in a space-saving, practical way.
I wish I could remember just where I heard about this idea, but I decided to try using a hanging shoe storage rack.
I used shoe boxes and then labeled the ends with punched images of the punches each box contains. Have to say - it worked out way better than I anticipated!