It could just be the wheel is that bad. You didn't say how much wobble. Some runout is just obvious, but once it gets down to a certain point you need to place a stationary object next to the wheel to see how much the gap between the object and wheel fluctuate. do the same thing with your mandrel or a pin gage in the chuck and see how far they are off. If its the same between pin gage/mandrel and a wheel, it likely your wheel isn't "that" bad. but only way to know for sure is to mount wheel on a pin in the chuck and have a dial indicator to measure as you spin wheel on pin. There are about as many ideas on how to mount and measure runout on wheels as there are ways to skin a cat, but the best methods are best explained by machinsts with lathes (that's not me). It doesn't sound like that is an option for you, so that is why I offer a slight lesser elegant solution to check them. As others said even if you do get it close, there still may be runout in the chuck or drill spindle itself although not likely to be enough to call it "wobble". hand drills are worse than drill presses which are worse than lathes...on the average. I only mention this as you indicated you like to learn the hardway. /images/boards/smilies/wink.gif I like to think I'm forced to learn the hard way, via lack of funding for the "right" tools.