This high end matte pencil does not have a ferrule and eraser. It has a smooth button on the end that matches to color of the wood inside! Get either black dyed wood or red dyed wood to show a classy, high end touch. Comes sharpened from the factory. 100% wood casing & high quality #2 writing core. Brass ferrule & latex free eraser. Conforms to ASTM D-4236.