I know the cost section might put a lot of users off the idea of doing this, but ignore the total cost, because the total cost is likely not going to to be anywhere near that. Since, most of these items, people already have especially if they're a home owner. For example, I have millions of washers/screws (including the size required), I have a sledge, gloves, duct tape, hot glue gun, and a micro fibre cloth. That has already reduced the price by 35+ euros based on the OP's pricing. Although, I bet I have a tonne of other stuff in storage that can either be substituted to a degree or already have. For example, the stickers could potentially be substituted.
Honestly, the raw material cost is nothing. 4€ for washers and a few euros for the stamp (you can skip that if in a pinch). Tools should be easily available in any household or can be borrowed by some friend without any weird questions.
All the other stuff like tube, stickers, hot glue etc. aren't needed, so while fillippone went total overkill, I think washers are actually the absolute cheapest way to get a steel wallet backup.
The letter stamps have to be purchased with any type of steel wallet product, except those where you slide the letters, but those aren't recommended since they fall out if the casing bends (e.g. under rubble). So I wouldn't really count them into the price, just like the hammer.
A stack of washers (especially larger ones) is extremely solid. I am sure you can even find it in a destroyed house and restore the backup.
What do you think of like doing a simple encoding of the passphrase so that it'll take longer for them to access the content?
I strongly, strongly advise against it. There's a saying that goes something like
'don't roll your own crypto'. There are various
posts about it online. In the context of Bitcoin seed backups it's not really because of security concerns, but more about doubts in people's ability to remember what they did one, two or 10 years ago to their seed. Something that seems trivial now (e.g. 'I swap every 4th word with every 5th word' or something), might be completely forgotten mere months later.
I recently ran into an issue where I knew I had a secondary wallet inside a hardware wallet, but couldn't remember how to access it. I knew it wasn't through passphrase and the software didn't show me a second wallet either. It turned out through trial and error, that that wallet used derivation paths to create multiple wallets (without using the standard passphrase feature) and I had completely forgotten about it. It was solved by 'creating' a new secondary wallet in the software (this information is stored on the PC and I had gotten a new one) and the funds were back. But you might not be so lucky with a stack of washers that you applied some random custom 'crypto' to multiple years ago.