David Guerrero made his own arcade table for playing Simon.

 

This video shows a demo of the game play.

While he used genuine arcade joysticks and a vintage CRT display, it was still lacking in authenticity.  The risk of a $0.25 loss was missing.  Since emulators basically allow unlimited lives, taking away the gamble of a valuable coin, David disabled that feature and created a little challenge that must be won to add more coins/lives.

The code and many other details about the project (like how to obtain the valuable game play credits) are available on GitHub.