Motor, cyclinder, pump, hoses, tank, fluid, valve, gauge,steel Beam, plate steel, steel for dies, etc. all this adds up. If your just planning on doing this for a hobby I guess there several ways to get around making damascus, but I do this full time and I want something that I can depend on and that will help me make the best product possible and do it in a reasonable time. I'm not saying you need a press to make great steel, but an electric motor driven hydraulic press sure is nice. I have a power hammer and a press, if I had to give up one I would get rid of the power hammer. But this is just me. I've tried to scrimp by on tools in the past and it will usually end up costing me twice as much if I try to get by cheaply. This is just my experience, it's not written in stone. I would say if your a really good scrounger you can probably get the parts for a little of nothing, but then again if you use junk, sometimes thats all you have when its finished. Good luck and have fun
Bill