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I think they do it because they can. With the current selcetion of factory bullets and the prices on swaging equipment, that's got to be the case.

I thought about swaging bullets a few years ago so I could make my own jacketed bullets. The price of equipment made me change my mind.

Trying to swage down a cast bullet would probably wreck the equipment unless it was cast from very soft alloy. That technique is a possibility, but you'd then have to buy casting equipment as well only to turn out a basically inferior bullet compared to a plain cast bullet.
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