I do a lot of restorations for myself & for friends as a hobby and if I acquired this one it would have to have been really cheap (like the way you did in fact!) and when sorting it would go in my "requires extensive work" pile. Could it be restored? Well the thing is this, on a blade like this the first thing I would do is take care of the edge issues and see in fact if it would hold an edge before I were even to proceed with any other restoration steps. Just my thoughts on this particular razor.