For any of you guys that can build a decent handmade knife, I suspect you can also make a purpose-built broach or two that cut circles around some of the makeshift stuff discussed aleady.
The ones pictured below are 0.375", 0.125" and 0.10" wide L to R. Having that range is important for getting fast square predictable mortises across some common tang sizes. Anything between 8 and 12 tpi seems to work best IME across the majority of common handle materials (except G10). Doesn't necessarily have to be pretty, just crazy sharp and arrow straight. But then again life is too short for ugly tools IMHO...
Wishing you fellas a Merry Christmas and a happy healthy 2015!