Cheapo
I too was skeptical when hearing M2 bullets were steel jacketed, but it appears to be true. The M2 bullets were ordered from Wideners and were advertised as 150gr. GI M2 ball pulled from 30-06 cartridges. The bullets arrived and weighed 150gr. They had an open base showing a lead core. They would stick to a magnet and had remnants of tar sealer on the portion of the bullet covered by the case neck. They are not 163 gr AP which are longer, have a copper plug in the base and usually have a black tip. I've also heard as you did that the bulk of GI 30-06 ammo issued in WW 2 was AP. I am going to try to do some more reasearch on the 150gr M2.
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