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The surplus ammo I have measured have bullets that are @.3105" diameter. The ammo you mention should be the same. I agree with Bugelson that it should be fine to shoot from your M39.

I have never seen any caution about shooting surplus 7.62x54R ammo from M39 rifles.

BTW: I hand load for 3, M39's and use .312" bullets in all of them.

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