I've found plenty of ways to create good quality prototype components... and for the most part I'm set.
But I have a few projects that require round chits. I've cut out a handful by hand with scissors but that's a rather slow solution and it's lousy on my bad wrists. My other solution has been sticking labels onto poker chips... but I can't but feel it's overkill.
Is there some sort of tool that can be used to cut out 1+ inch circles out of cardboard? Preferably something reasonably cheap?
Arch punch is the way to go - arch punches hate me
Depending on the thickness of your cardboard, you might be able to use the punches used for scrapbooking. EK Tools makes an assortment of punches that I've had luck with (I've use 1/2" to 1 1/2") but not on anything thicker than your average poster board. Beyond this thickness and you really would need something with the quality of an arch punch.