I second the transformer rewinding. Although I haven't had any luck
with welding with it, I have had lots of luck at melting bolts and the
like at 5VAC, I can only guess the current is around 30-40A. It
didn't cost much, only the 6 feet of 4AWG wires and a few connectors
to terminate it, and a project box. The most expensive part was a 50A
dryer cord (2-8AWG, 2-10AWG, one 8 and 10 paired for each lead, and it
still gets hot). Good fun though, besides the hastle of getting the
secondary winding out.