Coil with smooth solder. It's clearly been well thought out with an adjustable eyelet and knob/damper to keep that stray solder wire from getting out of control. Some reviewers said the overall price is fantastic, but I can definitely see the dispenser's cost working towards the price. I usually buy 100g of solder directly from China and the price seems reasonable to me. I can't judge the quality of the solder at the moment because my repair station was damaged by a fire. I use a few spare irons that just won't cut.
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