That blade could go either way with a restore. I like it a little cleaner, but HATE mirror finishes on them. perhaps a clean and light polish, and then an addition of a patina? As for the scales, the backside appears dyed horn. A good scrubbing, a good sanding, and a good polishing will have it looking glorious no doubt. Do similar to the wood, and create the kind of finish a long ago craftsman dreamed of for his beloved razor (which YOU now must carry on for)

It will look better than you believe. Try it before you truash them, nothihng to lose but a bit of time and sanding cloth!