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I also find that I can buy 55gr FMJ ammo by the case for about 5 cents per round more than it cost me to reload it. Don't know why I continue to reload that caliber.
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Where are you buying your loaded ammo and for how much per 20 rounds?
I load 223 for around $0.15 per round not counting brass. The cheapest I can find 223 or 5.56 ammo for is around $6 per 20, so I am loading for half of what new ammo cost.
To the OP, do you intend to load from a magazine? That will dictate your bullet choice to some degree. But for punching holes in paper at the ranges you listed, I just use 55 grain FMJ. By far the lowest cost bullet I can buy. I pay $0.076 each delivered.