Glass beads are cheap and easy.
Shot can work - but you want to know what it is. Lead shot is perfect - and you can get lead shot readily for fishing weights and reloading for shotguns. Some shotgun shot though is a cheap steel alloy which will corrode in paint and cause rust to get into your mix. A gun store that sells reloading supplies should be able to sell you a tube of lead shot for extremely cheap (BB or BBB birdshot should be about right). You just need to make sure it is regular lead and not a coated or plated lead or one of the steel varieties.
http://www.midwayusa.com/product/358687/bpi-steel-shot-bbb-10-lb-bag
Reaper uses pewter skulls in their RMS paints too - and if you have scraps of metal from figures, that works well enough too.
Automatically Appended Next Post: Regarding lead and oxidation - it can happen...but metallic lead does not normally like to oxidize and the conditions in a paint bottle are fairly benign to lead.
With
raw lead figures, they tend to interact with environmental conditions (in particular tannins from wood products) that cause the bloom. You also see the lead oxides form readily on things like battery connectors - due to both the electrical current traveling through them and the various gases being emitted from the battery...quite often developing lead sulfides or lead nitrates as opposed to an actual lead oxide.
I've got a lot of lead for reloading that looks like it had just been removed from the die even though it is 10 years old. Granted, I also have a couple of old lead figures that are nearly unrecognizable because they were stored in cardboard boxes in humid locations.