THE COLLET IS NOT INCLUDED IN THE SALE. The pictures show all that is included and the condition so please look close. Please see my other auctions for more tools items from a local estate. I tried to take photos of the parts that came with it. PLEASE SEE THE PHOTOS FOR THE BEST DESCRIPTION. PLEASE KNOW THAT I TRY TO SATISFY ANY AND ALL OF MY CUSTOMERS. I ANSWER ALL EMAILS AND WILL TRY TO WORK WITH YOU AS BEST I CAN. I WILL, HOWEVER, NOT BE BULLIED OR BLACKMAILED.