Thread: My First Razor

Stated in my first "Hello World" post, I bought my first straight razor at an antique shop.

I posted this on Badger and Blade, and realized that there are few experienced straight razor fanatics on that forum; as I didn't get a reply. So I'll transpose it here:

Background:
Shaved with DE. No problem. Wasn't going to switch to Straight, but I was walking around an antique store and found one that sparked my interest. Picked this one up ($47)

Need Help:
So now I need help. First of all, I'm curious what it is; can one of you identify it? Was it worth the price? Is it a good brand? What would you have paid for it?

Secondly; I'm curious - what maintenance will this need, and do you have any recommendations of where I can get the services done?
The antique store owner cleaned it up with a silver polisher, but that didn't do much :/
I've already decided to have it re-scaled. It's definitely got to be honed (not only do I not know how to, I don't even own a hone).
And it has got chipped edges - is the service that makes the razor usable again called "restoration?"
And what about setting the "bevel" - I've heard about it, but I have no idea what it is haha.
Should have this whole thing sandpapered?
There's some rust, and I'm not sure what pitting is, but since this thing is such a dinosaur, it's probably got that too.

Where can I get all these services done? I just want a total, all in one, combo package where the razor goes in as its current decrepit state, and comes out a shaver Do you have any recommendations?
Note: I really prefer price over quality at this point, I'm pretty low on funds (as an unemployed teenager)

Really, I just bought it because it was a cheap German made one. The antique store dealer said it was made in 1921, by a maker called "Platypus."

Also, what else do I need. I know I need a strop and a hone, but what else? Would I need strop paste? Mineral oil?