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[–] 2 pts

12¢ sounds a little high.

According to the Sears & Roebuck Catalog for 1928 a box of 100 cartridges for a Colt .45 revolver cost $1.66. That's 1.6¢ per cartridge in 1928.

https://www.ruralmessenger.com/blogs/frank-buchman/wild-west-cowboys-didnt-make-much-money-yet-didnt-require-much/

It doesn't say how big the boxes were but at the most expensive a box of 50 for $2 would be 4¢ per bullet.

MYTH BUSTED

[–] 1 pt

Back when revolvers were first made the rounds may have been more expensive. Later modern manufacturing techniques may have helped to reduce the price. IDK.