There are five basic steps to restoring an old knife:
- Find a Knife worth Restoring
- Remove Rust
- Refinish the Blade
- Refinish the Handle
I like old knives because the quality is there, and they're cheap. They were made before the time when plastic and stainless steel was par, so instead of mediocrity, you'll find high carbon steel and wooden handles. Higher end knives will have brass rivets, and are just beautiful. If you're the type to put a knife away wet, or leave it in the kitchen sink, then older knives aren't for you. The blade will rust, the handles will split from being wet, and you'll ruin a 50 year old knife in a month.
But if you're looking for a quick project, restoring an old knife is really worthwhile. Rust can be removed, handles can be restored or replaced, and as long as there is life left in the blade, you can have a razor sharp knife that will make chopping and cooking at least 3 times as fun.
If you're feeling ambitious and want to make your own knife instead of restoring, check out these Instructables: