The cartridge uses a
Full Metal Jacketed (FMJ) bullet seated below the mouth of the cartridge case which is crimped above the bullet. The case is rimmed and the mouth of the cartridge is designed to enter the rear end of the barrel. According to Ness and Williams, the shape of the cartridge mouth varies between manufacturers. Russian military loads had a lead core and a nickel jacket. The
Nagant 1895 revolver gas seal involves moving the cylinder forwards, so that the chamber about to be fired enclosed the rear part of the barrel and the mouth of the cartridge actually entered the barrel. Upon firing, the mouth of the cartridge expands to form a 'forcing cone' completing the gas seal. According to Hogg, the gas seal provides an estimated , while the
Shooting Illustrated magazine estimated an increase of . The 7.62×38mmR bullet performs relatively well for a
.30 caliber round. Fired from the M1895 barrel, the bullet can penetrate of
white pine boards at a distance. In comparison to the
.44 S&W Russian, the 7.62×38mmR is lighter, with greater speed and penetration but less
stopping power. Cartridge performance largely varies between sources: According to Hogg, the M1895 fired a 108-grain bullet at 305 m/s (1,000 ft/s), giving a muzzle energy of 325
Joules (240 ft/lb). Ness and Williams give the following figures: a 108-grain bullet propelled at , giving a muzzle energy of 284 J. Thompson mentions that some sources give a muzzle velocity of while others give a muzzle velocity of ; Reportedly,
Pieper produced loads that propelled a 108-grain FMJ bullet at while Russian military loads had more propellant, driving the 108-grain FMJ bullet at . Modern loadings from
Fiocchi have a muzzle velocity of , allowing its use in older revolvers. According to Ness and Williams, Fiocchi loadings propel a 97-grain jacketed
cylindro-conoidal bullet at .
Prvi Partizan loadings have a 98-grain bullet and a muzzle velocity of , giving an energy of 160 J. As of 2006, large numbers of M1895 revolvers remained in reserve or in paramilitary hands, while some gas-seal target revolvers are still manufactured by Russia and the
Czech Republic. Thousands of Soviet revolvers and millions of rounds of ammunition were exported from former
Warsaw Pact countries to the United States during the early 2000s. ==Handloading==