I make these by running the side of an end mill the larger diameter, 3/8” + 0.050 + 0.050 half way into a base piece, put it on the hydraulic press, put the strip on that, and press a 3/8 drill bit down in to that. Makes a beautiful piece.
Forming & blanking parts without a female die can be achieved using a urethane block as shown in this video. Pressing a 3/8" rod on top of the material and into the urethane will give an accurate neat u shape. For the full form the pin could be recessed 1/2 way into a plate.
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