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I used to have one of these, I miss it pretty badly. I never had the courage to shoot any real stiff Magnums, but mine handled 240s at moderate speeds well. Definately preferred the Magnum cylinder. If you are looking for Magnum level horsepower, I would look elsewhere. I personally might have a hard time paying $500 for one. That price to me is too close to Ruger territory, but the Ubertis do have the Colt charm.
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