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They are the same exact round. When the .45 Schofield (S&W) round was introduced in the late 1800s people began to refer to the .45 Colt as the .45 Long Colt, or Long .45, because the .45 Schofield was shorter.

The name may have changed for a while, but the actual round never did.

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Q: What is the difference between 45 Colt and 45 Long Colt ammo?
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