40 leads.Pencil Lead Hardness (from Wikipedia) Pencil lead is graded by hardness: a greater percentage of clay results in a harder lead. H (harder), F, HB and B (softer) are pencils of average hardness. Pencils ranging from 2B to 9B are softer still and are used for sketching; 2H to 9H are harder than average. A common American #2 pencil is equivalent to HB. In order, the leads are (from hardest to softest) 9H 8H 7H 6H 5H 4H 3H 2H H F HB B 2B 3B 4B 5B 6B 7B 8B 9B. The harder the pencil the lighter the mark, e.g. Bs tend to a create darker colour that can be smeared easily.