The number of sheets a paper clip can hold depends on several factors, including the size and type of the paper clip, the thickness of the paper, and the method of clipping. 
Standard paper clips, often referred to as #1 paper clips, are typically made of wire with a diameter of about 1mm and are approximately 1.375 inches long. These can generally hold between 10 to 20 sheets of standard 20-pound bond paper, which is the typical weight for office paper. 
Jumbo paper clips, which are larger and made of thicker wire, can hold more sheets, usually ranging from 20 to 50 sheets, depending on the paper's thickness and the clip's quality. 
Non-standard paper clips, such as binder clips or specialized heavy-duty clips, can hold significantly more sheets, often upwards of 100 sheets, due to their design and stronger clamping force.
The thickness of the paper is also a crucial factor. Thicker paper, such as cardstock or specialty paper, will reduce the number of sheets a paper clip can hold. Conversely, thinner paper, like tracing paper, allows for more sheets to be clipped together.
The method of clipping also affects capacity. Ensuring that the paper is aligned and evenly distributed within the clip can maximize the number of sheets held. Overloading a paper clip can cause it to deform or lose its clamping ability, reducing its effectiveness.
In summary, while a standard paper clip can hold about 10 to 20 sheets of typical office paper, variations in paper clip size, paper thickness, and clipping method can significantly alter this capacity.