Assuming you don't have a jewelers wheel or access to greaseless compound for said wheel. I would say your looking at a total of 50 dollars to restor this beauty

600 grit wet sand paper first step (firm length wise motion across the blade and spine AVOIDING THE CUTTING EDGE AT ALL COSTS)
then go to 800 grit waterproof sandpaper (same as before avoiding the cutting edge)
after that try a 1000 grit sandpaper (now you should be able to see somewhat of a nice reflective finish)

Now usually I would say run this blade with a loose cotton wheel starting at 400 grit greasless compound and move up through 800 grit and finally to 1000 grit, and finish it off with mothers polish, but that calls for a jewelers wheel and could end up with the blade being caught in the loose cotton if its not angled correctly...

luckily there is an alternative to the jeweling that I do at home

give these guys a call, and ask for a straight razor sharpen, it will run you 15 dollars. they are in California, but if you send via usps is shouldnt be more than 10 dollars either what,

http://www.advancecutlerysharpening.com/

they have a guy trained in Solingen germany who sharpens and cleans these bad boys up by hand for dirt cheap.

Honestly I'd almost be surprised if my dad DIDN'T have a jeweler's wheel and greaseless compound. I don't recall seeing one, but that doesn't mean it isn't there (of course, even if it's there doesn't mean I'll be able to LOCATE it).

You can't see the two little nicks in the blade too well in the picture, but those probably further indicate that at least to start it's best to leave it to someone who actually knows what they're doing. Wouldn't mind learning to do it in the interests of being able to do everything, but I'd prefer to learn on a low quality one where nothing is really lost if I mess up. I'd imagine there are a few to be found from around the release of Sweeny Todd and people trying to capitalize on that with straight-razor-like-objects that were probably purchased and then immediately neglected.

http://www.youtube.com/watch?v=uurBeF1u83U

also, hate to double post, but this is how learned how to do it all :3

A straight razor? Very nice Mr. Todd

My grandfather had some like this. He was a barber.

I plan on shaving with a razor like this at the end of the year. I just hope i don't slice my neck open. LOL

http://artofmanliness.com/2009/10/0.....t-razor-shave/