Any HSS drill bit will make a hole in a nickel. Be careful how you hold the nickel as the bit will very likely jam into it. I use 'vice-grips' when doing something like that, pliers are not strong enough.
The rotating action of the drill bit makes the hole.
"Drills" is the plural of "drill". A drill can be a tool used to make a hole. A drill can be a military procedure.
Drill?
To make a hole in or through, with or as if with a drill.
An auger drill is a special drill used to make holes in things. It works by drilling while also pulling the material out of the way to leave a space. An example is an earth auger drill, which can drill a hole into the earth while pulling the soil out of the ground.
I would use a "hole saw".
Drill bits are not universal. You choose the size of the drill bit according to the size of hole you like to make.
the specification of a drill machine is the diameter of the hole it can make.
To make drilling a HOLE (hehe) lot easier
A drill guide is used to make an accurate hole when not using an drill press. When one needs to use a handheld drill on a project, the drill guide will keep the drill bit straight and accurate.
You should get big storage boxes the clear snap lid kind and drill a hole on the side for water that's what I did.
more force drilling machine a drill with the 'hammer' facility and a good condition TCT drill bit. But, you do not necessarily need speed, you need acuracy