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Leigh finger joint bit with a 3/8" (9.5mm) diameter and a 1-1/4" (31.75mm) depth of cut. This HSS cutter has a standard 1/2" shank.
It is also a part of the LGH-1608C solid carbide bit set.
A reducer from 1/2" to 3/8" is required, LGH-172-375.