F, H and/or B
The letter marks how hard or soft the graphite is or that it can be sharpened to a fine point. The pencil can be marked H (in steps of 1 - 9, indicating progressively how hard the graphite is and consequently how light a mark it leaves), HB, F (indicating that it can be sharpened to a fine point), or B ((in steps of 1 - 9, indicating progressively how soft the graphite is and consequently how black a mark it leaves).