The price for this chuck is fantastic and you can end up with a decent chuck but only if you are willing to put some time into it. Out of the box it is a bit stiff to open and close. A quick clean up is definitely needed followed by a good oiling of the moving parts. Once that is done, a bit of time with a file is recommended to remove all the little burrs that are left from the manufacturing process. Doesn't take too terribly long and results in a perfectly usable chuck that is reasonably accurate. All in all a good chuck for the money. If you want a chuck that is perfect out of the box, go pay more.......lots more. If you are a hobbyist looking for a chuck for weekend projects or if you need a chuck you won't feel bad about abusing, this is the one for you.