A trailer hitch pin of the present disclosure has a magnet disposed on an end of a shaft for coupling the shaft to an opening in a trailer hitch, the shaft for insertion into the opening to retain the trailer hitch in a receptacle coupled to a vehicle. In addition, the trailer hitch pin has a lever pivotally attached to the shaft for disengaging the magnet and decoupling the shaft from the opening to remove the trailer hitch from the receptacle.