take a chunk of bar stock and do the following to it.
1. turn it to a diameter no more than 1/8" (3/32" or 1/16" might be better depending on material) larger than the coin you want to work on.
2. face the end
3. bore a recess in the end just large enough to hold the coin
4. through drill the bar, make the hole slightly smaller than the recess. You need a surface to register the coin on
5. slit the bar length wise with a band saw or hack saw
you now have a custom collet, that you can chuck in a standard 3 or 4 jaw.