shiroikuma: As you can see from some of the other posts, the cost of reloaded ammo is highly dependant on what bullet you use. You can go as far as to cast your own bullets from scrap wheelweights and tin. That would be the cheapest. Probably next up from that would be commerically cast bullets, then copper plated cast bullets, and finally jacketed bullets. By the way, these cast bullets whether commercial or homebrew shoot just as well and sometimes better than anything else. To me, it doesn't make much sense to shoot premium hollow points at paper targets and junk very much (it certainly does make sense when you are trying to duplicate your defense loads however). This, by the way is another aspect of reloading that shouldn't be missed. Let's say that you want to use Remington Golden Saber (or what ever) in your carry gun. These are usually sold in boxes of 20 and command a premium price. If you reload, you can buy a box of factory, shoot them through a chronograph, then buy golden saber bullets (or what ever) in bulk from Midway and load exact duplicates of your defense load for a tiny fraction of what the factory ammo costs. You can now affford to shoot thousands of rounds of your defense ammo; same recoil, same point of aim, same feeding through the mag etc. Especially for 9mm, I assume the brass to be free, because every time I go out to shoot, I find 50 or so that factory ammo shooter leave lying there. So it is free, I have many many thousand I have picked up. To answer your question, I calculated my cost for a box of 50 9mm rounds to be $2.43. That price includes all associated costs including shipping, sales tax etc. There is nothing wrong with shooting factory ammo and some of the prices you guys are getting make it a lot more palatable. I am just pro reloading and like to see people discover another aspect of gun ownership.