That piece of heavy plate will make a great anvil. Personally I would stand it on edge not on end. On end it will tend to vibrate more as you have noticed when you reported the ring.
In either case, I would definitely round the edges with radiuses (radii?) varying from 5/16" to 1/2" or larger. The nice thing about a block of mild steel is that if you do ding or wear it in one spot, you can easily just weld it up and grind it. This means you can be relaxed about learning and making mistakes.