More wear resistant than high-speed steel, these bits cut large holes with tools that have a standard-size chuck. The shank has a smaller diameter than the cutting tip and fits drill presses and portable drills. Cobalt steel bits last at least twice as long as high-speed steel. They can also run up to 25% faster at higher temperatures without being damaged on hard materials such as nickel. Also known as Silver and Deming bits.

Not only do these bits bore holes faster than standard smooth-finish bits, they create less friction and heat buildup to last longer. The spurred teeth have a long life, but they're less effective at guiding the bit so cuts on angled and overlapping holes tend to be rougher. Also known as multispur bits.

Prevent clogs that wear the bit and slow down drilling. The flutes on these bits have an open design that pulls chips out of the hole faster than standard spiral flutes. Also known as pole or ship auger bits, they are used to cut deep holes through lumber, railroad ties, and utility poles.