MK Morse AV38 Hole Saw, 2-3/8-Inch Bi-Metal Boxed
Master Cobalt Bi-Metal Hole Saws. This premium line of professional quality hole saws features an M3 high-speed steel cutting edge, electron beam welded to a tough steel backer.  Caps stand up to abuse and punishment, yet are lighter and easier to use than those of competitors.  Positive rake tooth design provides better chip clearance as teeth cut into wood, plastic or any machinable metal.  The 1-1/2" cutting depth cuts easily though 2x4's.   A separate arbor is required.