  Commercial tungsten carbide lathe bit. 
This is a small tungsten carbide lathe bit.  Most of the bit is steel, only the triangular chip at the end is tungsten carbide. 
Source: Hardware Store 
Contributor: Theodore Gray 
Acquired: 1 December, 2008 
Text Updated: 2 December, 2008 
Price: $10 
Size: 0.25" 
Purity: >60%
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