Everyone, I got 50% of the rust off my old Craftsman 4810 Hand Axe (Vaughan MN: 33402) with 00 steel wool. I then got the blade hair shaving sharp. My old can of WD-40 decided to not spray for me, today of all days. I opened it up with a cheap can opener, poured WD-40 all over the blade and handle, but only on the part of the handle that's doesn't have the rubber over-mould handle, which was surprisingly free of most rust. I had to remove a few old ineligible stickers on the metal part of the handle. I put plastic wrap around the metal handle and blade, plastic bags, and then duct taped it around the handle as tight as I could. I'll probably have to buy a more abrasive steel wool to get the rest of the rust off, unless anyone has a better suggestion. I'm hopeful that 2 days of WD-40, will do most of the work. I cleaned the leather sheath with warmish water, and dried it as much as possible. When it's fully dry tomorrow, I'll rub some grape seed oil into it. The leather sheath is in surprisingly good shape for a 44+ year old camp axe. The rubber over-mould handle is in good shape as well, but there as a few cracks I need to seel. I'm trying to decide between Shoe-Goo, or J-B Weld. If someone has a better suggestion, please let her know. I figure after the rubber handle glue has dried, i'll wrap it with some hockey tape, or something better.
Thanks for all the help and advice