Vodkaman,
I designed the dies on autocad and had a local machine shop make them. My cost was 1500.00 they knock out four at a time. It also has a backstop and a cut off to remove the scrap. The dies have a knife edge that allows it to cut through the material half way and then punch it the rest of the way out. This set up will punch out around 3800 pieces an hour. Now thats alot of lips!