Not cheap, not expensive. They work pretty well, I even blasted a few holes for free with some smaller bits and didn't get any chatter at all. I can't tell how long they stay sharp, but they aren't carbide. I received exactly what is shown in the picture, a plain plastic bubble sleeve. It's not a wooden box, but it's ok and can be opened again. If you need a specific size for heavy use, go for Carbide, but this is a good set for occasional use. I've just made some dog holes in my new table topβ¦