A bullet falling to terminal velocity would be faster than a body falling at terminal velocity as is more mass verses frontal area to resist against air. a penny weighs about same as a large piece of paper. which falls faster.( in a vacuum both would be same, but we don't live in a vacuum.)
BTW I believe the gravitational constant some were trying to remember is 32 ft per sec per sec.(or 32ft devided by seconds squared.)
I might be able to see a ball sized object in order to catch at 120 miles per hour. But doubt I could see a bullet sized frontal area at over 120 miles per hour before it hit me in between the eyes.
thanks Don.
I think Longfellow said it best...Just substitute bullet for arrow
If you shoot it straight up, don't wait around to see where it lands!
I shot an arrow into the air,
It fell to earth, I knew not where;
For, so swiftly it flew, the sight
Could not follow it in its flight.
I breathed a song into the air,
It fell to earth, I knew not where;
For who has sight so keen and strong,
That it can follow the flight of song?
Long, long afterward, in an oak
I found the arrow, still unbroke;
And the song, from beginning to end,
I found again in the heart of a friend.