Yes I've heard that explanation too. As for the cartridge itself....not that hugely different to the .270winchester
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I know a fella who owned a rifle chambered in .264 magic. Never seen that on a cartridge box either lol.
I wish I still had that box, it was an unopened box of fifty that my father found in the back of some gunshop and sent it to me. I would like it just to have on display, since I am a .44/40 fiend. You can reload Berdan primed brass I found out years later, Chaz Forsyth told me how, something to do with using water pressure to push the primer out, but then I think you have to drill the primer pockets into one flashhole - but I have had no cause to explore it in practice.
The irony is Rigby rifles were assemblies of barreled actions and stocks supplied by Mauser.
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Some years back a guy on the accurate reloading forum gave me a big sack full of loose 7x57 cartridges. He said the were Kynoch. I guessed they were, but wouldn’t swear to it. They are stamped with K58 and 7mm on the head. A couple of years ago when we were practicing shooting from the sticks before an African hunt, we shot a bunch of them in a Mauser 7x57 sporter of mine.
They shot very well, no misfires in spite of their age. They were berdan primed..so not reloadable by me. I assumed they were corrosive and cleaned my rifle accordingly. I still have a bunch of them in that bag. They were very accurate in my rifle.