Mereckons one should be able to get one built for $5. That's right. All you need are 2 voltages: AC and DC. DC etches the depth, AC deposits black.
So, next time you're at a flea market, pick up (they sell them for $1 most of the time) 2 "charger" power supplies - 12VDC and say 12VAC.
All you need now is a DPDT switch On-Off-On. To the 2 contacts in the iddle you attach 2 wires - one goes to the blade, another one to the pad.
To the "top" pair of contacts on the switch you attach 2 wires from AC power supply. To the bottom pair - 2 wires from DC power supply. Done .
If you want to get fancy, fashion a shoebox enclosure. Add a fuse.
To operate, flip the switch to DC and get some depth. Then flip to AC and deposit some black.