Hello all. This round is part of a lot that I was given last week. The original owner of the ammo died a few years ago and kept no records unfortunately. All the rest of the Carcano from this lot were FMJs, but this one appears to either be a guard round, or a European SP bullet that someone handloaded into it. I consider the second possibility in part because the bullet is a little loose and has a good bit of ‘wiggle’ from side to side.
Headstamp is ‘A A’ over ‘C - 39’
Thanks for looking,