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if you can afford the .22 mags,rock on
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These days, especially when compared to some other small center-fire pistol calibers, .22wmr is a deal, and unlike pistol ammunition lately, it can be found nearly everywhere. I can buy the original Winchester 40 grain HP's for $8.99/50. Fiocchi is sold locally for $5.99. Not really all that expensive for practice or hunting. Most rough comparisons for .22wmr to 22lr are that a .22wmr has the about same energy/speed out of a 5" barreled pistol as a 22lr HV has out of a 20" rifle barrel.
I'm saving for that Smith 48........