A receptacle for holding dental burrs comprising a container which includes a container body and a cover. The container body provides a compartment having an open end. At least one dental burr holder is provided in the compartment with the dental burr holder having a plurality of bores terminating in an opening. The dental burr holders are pivotally attached to the container body for pivotal movement between a first position in which the opening of the bores face generally outwardly of the open end of the compartment and a second position in which the openings of the bores are closer to a bottom wall of the container body than in the first position. The container has at least one aperture for providing fluid access to the compartment.