Abstract: A sheet of metal is blanked by an annular die to form a disk, and a peripheral portion of the disk is gripped between the blank die and a lower pressure sleeve. The peripheral portion is shifted downwardly relative to a center portion of the disk engaged by a center panel punch to form a center panel portion and a panel wall portion connected by a generally frusto-conical inverted chuck wall portion to the peripheral wall portion. The center panel portion and the panel wall portion are engaged by a die center having a projecting lip with a small countersink radius. An inner part of the peripheral wall portion is gripped between a die core ring and an upper pressure sleeve to define a crown portion, and an outer part of the peripheral portion of the disk is formed by the blank die and the die core ring into a depending lip portion.