The invention relates to a process for manufacturing copper or iron ore series of noble metal commemorative coins or medals and dies used therefor. The process comprises the following steps: a) preprocessing and molding the blanks of copper or iron ore series of dies, namely, processing the basic profiles of the dies; b) designing the profile parameters of the copper or iron ore and the tri-dimensional curved surface on the surface of the copper or iron ore by a tri-dimensional relief design software; c) engraving the copper or iron ore series of dies by a control computer numerical (CNC) engraving machine via a converted engraving cutting path file; d) utilizing a lathe, a machining center and a linear cutting device to process out a punch and a die corresponding to each other, and punching blank cakes for copper or iron ore series of products; and f) processing copper or iron ore series of die bolsters by the linear cutting device based on the designed size, putting the dies into dies bolsters and carrying out stamping. The copper or iron ore series of noble metal commemorative coins or medals manufactured by the invention have the characteristic of good comprehensive benefits, such as stable quality, high yield, short processing period, low production cost, small raw material consumption and the like.