The mechanical characteristics of the high speed steel by Powder metallurgy Process (PM-HSS) has been reported to improve with several alloying constituents, such as high carbon, vanadium and cobalt. In this paper, sliding wear test has been conducted using a pin-on-disc machine for three PM-HSS which contains 0%, 5% and 12% cobalt respectively, in order to evaluate the effect of cobalt on wear properties of PM-HSS. The results of this study showed that the wear resistance of PM-HSS has been increased by the addition of cobalt on the range of experimental friction velocities. When compared with the effect of addition of cobalt, the wear resistance of PM-HSS with 5% cobalt has been found to be superior to that of PM-HSS with 12% cobalt.