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I know what you mean. Here is a Kobar from Solingen that came with a group of razors I bought. It was from a seven-day set and was eat up with cel rot. Nothing to be done with it except to toss it...

It sounds like that razor was probably the victim of celluloid rot. Unless a razor has been subjected to constant dampness, it shouldn't rust that badly. If the box was in reasonable condition and...