Did a test fire with the load listed above. Seems a trifle warm so I'm backing off to 1.5 grains 700X.
Below left is a factory 38 Short Colt factory case - on the right is the 2.0/700X & 47 grain round ball. It not only felt a little hotter, you can see the primer has flattened slightly more than the factory round. Given the old S&W's age, there is no sense pushing things thus the lighter charge of powder.
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Full length sizing proceeds normally as does priming. 32 S&W long dies won't bell the cases - my Lee universal belling die is also too long. But I rummaged around on my messy reloading table & found a truncated cone 9mm bullet. Aha! Just the ticket! I sat it in the case, put that on the lip of the shell holder and gently pushed it against the bottom of the press. Go slowly! It's easy to split a case doing it like this... I have 1st hand knowledge that way.
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Here's the bullet I use. I went with .315" to get a good grip when the bullet is seated.
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I loaded each round by itself to avoid a double charge. Also because my loading blocks are way too big for this round. 1.5 grains doesn't amount to much & only a few flakes make a difference. Also the flake running the show!
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Seating proceeds normally. A 32 ACP seater die came with this Lee set. Seating the bullet removes the bell and the slightly oversized ball is snugly held in the case. Then comes lube. I do that when loading the gun. Dip each ball in lithium base water pump grease. Lube shown with finished ammo.
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Next time out, I'll take a chronograph and record stuff. Know well there is no room for sloppy powder measurements here! Measure each charge carefully! The standard reloading caveats and disclaimers apply. Your mileage may vary, etc & so forth.
Many of the old revolvers made for this cartridge were not especially strong - you want a hot rod, get a 38 Special or bigger. This is just going to be a fun plinker for me. I think this might even be cheeper to shoot than what people are actually spending on 22 rf!
Be safe!! SW