Yes. Ordering more challenge coins lowers the price per coin, and quantity is the single largest factor in what a coin costs.
The mechanism is tooling. A custom coin needs a die cut specifically for your artwork, and that work happens once whether the run is 50 pieces or 5,000. Embleholics includes that cost in the quoted price rather than billing it separately, so on a small run it is carried by few coins and on a large run it is spread across many.
Everything else scales roughly with volume. Metal, plating, enamel and handling cost about the same per piece at any quantity. Setup does not, and that is the whole saving.
The practical consequence is worth planning around. If you expect to need a second batch within the year, ordering both at once is usually cheaper than two separate runs, because the second run pays setup again only if the design changes or the mold has aged out.
If you are weighing two quantities, ask for both figures. The gap is often smaller than people expect, and the larger number frequently works out better per coin than it looks.
Request a free quote at the quantities you are considering, or browse our challenge coin range.