A friend wanted to know where to buy Dremel 511E EZ Lock Finishing Abrasive Buffs cheaply. Looking around it seemed as though they were a bit over priced (about $1.50 a wheel). I haven't examined them up close but they seem to be a standard non-woven abrasive made into a wheel.
I use Scotch-Brite pads in my shop all the time.
They're available in a variety of grit sizes and the price is about $1.00 a 6"x9" sheet. On Amazon they are $20.00 for a box of 20, Scotch-Brite 6-by-9-Inch Hand Pad, 20-Pads. They are available all over the internet and from most industrial suppliers.
Mandrels are ubiquitous as my drawer shows. You can get mandrels with a screw for about two bucks as well.
So I traced a circle on a pad.
Wow, high tech.
I cut it out with scissors and mounted it on a mandrel. The mandrel screw can just be poked through the center. A washer in the center would make it work slightly better, be more aggressive on the edge. You could even stack a few together.
I also tried using an arch punch. This would dull the punches over time...
This is a finer abrasive.
Some test scratch patterns on silver. They seem to work fine. I'm not sure if they hold up worse than the Dremel branded ones, however from a 6"x9" sheet you can make about 54 (assuming you're perfect) 1" wheels so you can imagine the cost savings if they even last 1/10th as long.