Only used 2 times, to drill 2 holes, in quarter inch thick mild carbon steel plate. So basically new $1000 value at $300

Milwaukee 5 in. Threaded Steel Hawg Cutter

Model Number: 49-57-5000

Drill holes up to 3X faster than twist drill bits with the Milwaukee 5 in. Threaded Steel Hawg Cutter. This long-lasting cutter features carbide teeth and an alternating cutting pattern to cut up to a 2 in. hole depth in steel, stainless steel, cast iron or aluminum. The spring-loaded, self-ejecting pin lets you make smoother, more accurate cuts and eject the plug faster.The Steel Hawg Cutter works with most electromagnetic drill presses. Use it with arbor 49-57-0030 for Milwaukees 4262-1 magnetic drill press or arbor 49-57-0010 for Milwaukees 4292-1 mag press. The 5 in. bit diameter has a metric thread size of M18 x 1.5 in. shank. Use the Threaded Steel Hawg with a No. 3 Morse Taper Arbor Assembly 49-57-0010.