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Ron, I bought a pair of rechargeable 123s (NiMH chemistry, IIRC) and a charger at Radio Shack, of all places, over a year ago. I have them in a SureFire incandescent light now, and they've gone through several (but not more than a dozen) charge cycles. Granted that's very light usage (no pun intended) and a sample size of one, but I'm very pleased with them. They have somewhat less runtime than lithium primary cells, but I don't mind that given how much money they've saved me.

As for reliability, I can't speak to that. They haven't crapped out on me at an inopportune time, but personally I still stick to primaries for my bedside weaponlight.
 

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just make sure you get a lithium charger for lithium batteries and NiMH charger for the NiMH batteries. and remember that 2 of the rechargable CR123's(aka 16340) are usually around 8.0 volts fully charged and will blow a 6.0 volt surefire bulb(P60).
there are a few charger options at lighhound.com. look for one that will not over charge a lithium ion battery. youtube laptop battery explosion and see what happens when a lithium ion battery goes poof.
 

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just make sure you get a lithium charger for lithium batteries and NiMH charger for the NiMH batteries. and remember that 2 of the rechargable CR123's(aka 16340) are usually around 8.0 volts fully charged and will blow a 6.0 volt surefire bulb(P60).
there are a few charger options at lighhound.com. look for one that will not over charge a lithium ion battery. youtube laptop battery explosion and see what happens when a lithium ion battery goes poof.
Thanks for the voltage warning. My P60 module still seems fine, but as I mentioned I've probably only got 10 hours of run-time on rechargeables so its possible that its life might be reduced--we'll see, I suppose.

Speaking of going poof, wrapping an expended lithium 123 in newspaper and placing in a campfire makes a pretty large boom--the newspaper insulates it from heat long enough for you to get away and avoid the resulting red-hot, chemical-slinging battery case that spews itself from the fire when it explodes. Perhaps I should add that I'm a trained professional and not to try this at home ;)
 
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