Is it possible to sand a hollow ground razor too thin, to the point where it won't keep a decent edge?

I'm working on a blade that was in rough shape and now that the pitting and tarnish is smoothed out, I've noticed it has a different feel to it and a "tinny" resonance that wasn't there before. I'd like to know if it's hosed before I polish and put scales on it.

Any experience/perspective on this would be greatly appreciated. Thanks!