Hi NikL:
You have to judge whether the work you put into the dies before you harden them is worth risking.
For a die that is to go to a customer, probably no.
For a die that will punch a few parts for your hobby project, probably yes.
For a complex progressive die, probably no.
For a die to punch a brass washer, probably yes.
You get the picture.
If this is an undemanding application, you can try to harden a sample and see if it gets hard enough for your job.
For anything where you believe you need the best performance from the steel, I'd do as fciron recommends and spring for the cost of having it professionally heat treated.
You will have to decide which category your project falls into.
Cheers
Marcus
www.implant-mechanix.com
www.vancouverwireedm.com