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Yes, it does look like Bacote wood. I googled both bacote and burl and think you might be right. As far as the FR being a wedge, it is and I have. Thanks for your help.

I picked this little guy up on ebay about 2 months ago. Estate find they said. 50 bucks later I have what looks like a completely restored Frederick Reynolds. Honed and shave ready. It has wood...