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That's a good strop, but I'm sure if it's black latigo, it's stiff. Continue to work it with oily hands. Don't wash them first. Also, try, (As previously mentioned) putting it in between a stack of...

I guess it depends on the strop you buy. I have an old vintage one, that I got on Ebay that's like the one you describe, but my other strops, SRD's, Kanayama, Tony Miller, even Kenrups are all flat,...