Can't remove bit

Thanks, I wrapped rubber around it, chucked it in lathe tailstock and used a pipe wrench; appreciate all the perspectives and ideas
 
Glad it worked out. Might be a good idea to check the runout of the chuck.
 
The other thing to remember is never push the bit all the way in. The jaws have to retract into the chuck to release the bit and if the it's touching the bottom they cant move back.
Good advice that people overlook!
 
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