Do you put a lamp or something in series to limit the current, Ian?
Here's a trick with a transformer LINK
Whatever method is used, the object being degaussed needs to be removed slowly out of range while the demagnetiser is still running. If the object is nearby when the current is switched off, it will remain magnetised (perhaps more strongly than before).
I have also heard of magnets being attached to a piece of wood North-South-North-South and rotated in the lathe to produce an alternating field.
Andy