Somewhere I have some wine charms- about 8 of them. I can't find them and besides I have 12 coming for wine and nibbles. Aha! Punches to the rescue.
Turn your larger punch over and feed in the paper until the smaller hole is centered. Punch again.
Cut between the outer edge and the center.
Come to think of it, a package of these would make an excellent hostess gift. Yes?