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That linen side looks to be quite dirty. I wouldn't pass a razor over such a strop since the crap on top could damage the edge. Cleaning a vintage chalked linen strop back to a clean and usable...

This makes it easier for me. If the seller will only sell as a set, alone, I'd never personally pay $40 for that strop (the value you placed on the strop IIRC). Where I'm at in MN, strops of that...

Ok, quick response giving my personal opinion.

If I saw that razor at an antique shop or show and the seller would not come down, I would pass. But, that may very well be a perfectly fine deal...