The first time I had the pleasure of coming across a red injun boker it was shortened, ground down, rusted, and still provided an amazing shave after clean up and honing.
So when I saw a red injun 101 R.P. that had some active rust but for the most part very little ware I jumped on it. As a bonus it came with the original box! Judging from the fact that the seller only pictured one side of the razor I figured I might be in for a big surprise, but the price was worth the risk. There was a great deal of rust not pictured, but nothing to effect the edge thankfully. Heres how it turned out with a little 320 grit then polishing compound. I plan on setting up a wheel soon to do this properly, there are still scratches visible from the 320)

Here are some pics:
Before:
Name:  Before 1.jpg
Views: 156
Size:  35.0 KB
Name:  before 2.jpg
Views: 141
Size:  42.0 KBName:  IMG_5443.jpg
Views: 145
Size:  47.2 KB
After:
Name:  After1.jpg
Views: 145
Size:  54.9 KB
Name:  after 2.jpg
Views: 147
Size:  55.0 KBName:  after ref.jpg
Views: 142
Size:  37.1 KB

Honed it up and stropped, can't wait to see how she shaves in the morning!

Cheers folks!