I guess you guys have started something with the powdercoat

Wasn't the Black Talon a "coated" bullet as well? Although, that was a coated copper jacketed bullet, it was Teflon and something coated, right?
 
Wikipedia

Black Talons included a Lubalox coating, a proprietary oxide process. Though widely misreported to be Teflon, molybdenum disulfide, or wax, the ammo has an unusual black appearance compared to other copper-jacketed or lead bullets. The black appearance was due to the oxidized copper jacket. This Lubalox coating was to protect the barrel rifling, and did not give the bullet armor-piercing capabilities. This coating is still widely used on many of Winchester's rifle bullets today.
 
Yep, Lubalox is a surface treatment (chemical alteration of the base metal), rather than a "coating".
As Beagle pointed out, it's pretty much just an oxide layer - somewhat similar to bluing.

Winchester still uses it on some rifle bullets, as well as the SXT (Black Talon) "law enforcement" loads.
 
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