The wooden magnetic geography puzzles by Steven Mattern Design are cool to look at and so educational–what a great way to make geography more interactive than a plain map. Each one is created from a variety of woods, and the magnetization makes them easy to work with. (And hopefully harder to lose any pieces?)
A puzzle board & wall mount are sold separately but seem like a smart addition. Plus each map comes with a map reference and is packaged in a pretty cotton drawstring bag.