It might be cheaper to just buy another circuit breaker and stick that in. Conventional wisdom is that a molded case circuit breaker is considered to be fully depreciated when it has been in service for 15 years. If you are only interested in proving that the instantaneous trip works you could try using a bunch of 240/480 volt primary 24/48 volt secondary transformers to create a large amount of short circuit current in a 24-volt or 24Y41.5 volt electrical system. It will not verify the interrupting rating. That requires some expensive stuff.
What the fuse and circuit breaker manufacturers use for a 100,000-amp 480-volt short circuit test or smaller is a 2,000 horsepower or so synchronous which drives a flywheel and then in turn an 85 megawatt alternator. To run a 100,000-amp 750-volt test on a 690-volt nominal circuit breaker the manufacturer would need a 3,000 HP motor turning a flywheel and then a 135 MW alternator which was the size of the first 3 generating units at Cleveland Electric Illuminating Company's Eastlake generating plant before it was converted to a synchronous capacitor station. Such a test would be 542 amps at 138,000 volts and very obviously a power company would not allow that to be drawn through a transformer - the contract demand charge for a 138 KV service that big would be about 2 million US dollars per month comparable to the demand charges for a large steel mill. Using a motor flywheel generator set buffers the power flow to a level that is reasonable.