@piper184 I have done some proper backsmithing in the past, however, at the moment I'm limited to an apartment where I can't bang my pieces for many reasons (not only the noise)
@whitmore I agree with you in terms of material, however, in this case what I'm looking for is to experiment with what I have at my disposal and what's easy to get in the hardware store (mostly for fun) and since I'm confined to an apartment I don't have a circular or table saw so I don't have any worn out blades.
@OCJohn I assumed I would be able to do this minimal forming with an arbor press because a long time ago when I lived in a place where I could do some proper blacksmithing I used anvil tooling but more importantly I saw the same concept applied in power hammers.
I think you might be right about using a beefier press because I saw someone struggle to cold form a coin in a 1 ton press (to the point where they bent the handle).
Thanks a lot for the ideas folks.