Trunk restoration is a combination of wood working, metal craft and leather work, so it helps to have some experience in all three fields. The hardest part of the entire project is in the preparation of the piece. Removing the old material covering (if it has one), stripping the paper lining and removing all of the old leather accoutrements equals roughly 60% of the work that goes into it, with leather fabrication and sanding taking up the rest.
There are three approaches you can take when performing your restoration;
The first is a complete refurbish with new materials which ends with a fantastic finish, but can seriously diminish the value of your antique.
The second is a 'soft' restoration, where no new hardware is used, and only what was used in the original construction goes back into it's rebuild. This kind of project is best used on pieces of extreme value, where authenticity is important, but can seriously limit the 'curb appeal' of your trunk.
The third is a moderate restoration, where as much of the original hardware is re-used. Whenever possible, parts from the same period (and preferably manufacturer) are installed and failing that, replaced with new hardware.
I find the third method the most effective since it retains both curb appeal, and attempts to keep the piece as original as possible, however, feel free to use whichever one suits you best.
Step 1: Tools And Supplies You're Going To Need
Utility knife - for removing old canvas cover. (have lots of extra blades since the years worth of dirt in the material act like sandpaper)
Metal Scraper - scraping off old paper, tucking edges of old material under seams
Drill and Wire Wheel - For removing rust from metal parts
Nail puller and hammer - removing old hardware
Sharp Chisel - to straighten the points on the old nails and tacks before pulling
Pliers - for straightening nails and tacks
Sander - optional but it helps
Dust Mask and Glasses - Safety first
**Saw - if you need to build a new tray otherwise it's not necessary
60, 150, 220, 300 and grit sandpaper - lots of that to be done
7-8oz leather @ 1 1/4" leather belts- For straps, leather patches and leather handles
2X Belt Buckles, rivets, Fiebings leather dye - hardware for leatherwork.
Wood Stain/Finish - I used Minwax Polyshades which blends both stain and polyurethane but you can do them separately if you want.
Masking Tape - to mask of edges for staining
Beeswax Polish - to protect the metal from rusting again