This is for one cobra graver which I made and polished from a round bur. Cobra graver is a special graver which is not mass produced by any tool brands in the market.A good cobra graver can only be handmade by a master engraver as this graver itself is a piece of art.This is an excellent hand engraving tool if you use it in the right way. Shank size: 3/32" (2.38mm) diameterIf you choose to have the graver itself, you will need to mount it onto a holder before using. Alternatively, you can choose the option "with holder", and it will be ready to use as I will mount it onto a GRS quick change holder for you. You can use the cobra graver I made as a sample when practising making yours. Or you can take the advantage of a ready to use graver and use it directly in your next engraving job. Either way, enjoy! Note: in order to have the optimum result, all gravers require repolishing from time to time. To learn how to make a cobra graver: https://huiyitan.com/products/how-to-make-an-cobra-graver For our behind the scenes:https://www.youtube.com/HuiyiTan