A wood turning gouge (something like a curved chisel) of the right diameter is useful in cutting holes in cardboard.
Thinking outside the square.... how about cutting the holes by carefully scoring with a box cutter, about 2mm oversize then lining the holes with velvet material. In this case it does not matter that much if the hole edges are slightly ragged. I have used aluminium plate instead of cardboard in this application.
I have done this to accept coin capsules in a fitted metal box which was originally made for a proof set. Empty proof set cases can sometimes readily obtained from coin dealers, when they break sets to sell individual coins for more.
Thinking outside the square.... how about cutting the holes by carefully scoring with a box cutter, about 2mm oversize then lining the holes with velvet material. In this case it does not matter that much if the hole edges are slightly ragged. I have used aluminium plate instead of cardboard in this application.
I have done this to accept coin capsules in a fitted metal box which was originally made for a proof set. Empty proof set cases can sometimes readily obtained from coin dealers, when they break sets to sell individual coins for more.




















