The CASE stamping looks like 1940-65 era. Blade is likely chrome-plated carbon steel - Case did this on their older knives. If there's a full-width tang visible between the stag scales, you might look for signs of patina or corrosion (maybe pitting) along the exposed edge of the tang. That'll tell you if it's carbon steel. If the knife is really that old*, it'd probably show there. OR, take a look at the edge bevels, assuming the knife has been sharpened before. The sharpened edge won't have any plating - so a close look at the bevels might also show signs of patina or rust, if the knife hadn't been used or sharpened in awhile.
If the blade is plated, sanding to remove the scratches would also likely strip the plating. Aggressive polishing might do the same. Might do well to let it be.
* - For what it's worth, looking at a closeup of the stag handles makes the knife look that old. They really show some age and character, in an impressive way.