I never did any restoration work, myself but, if I were in your shoes this what I'd do: I'd seriously consider restoring it. It would take time, of course, but I'd go for it. It was a gift and Wade and Butchers are considered to be very good blades. I'd buy another razor, though, to shave with. A restoration of this razor seems to be a project for many many days (if not months...) but it would, I suspect, pay off... The scaring would seem ugly but that would have been something you had done yourself and, in the end, it'll shave like a dream... I say think about it... Keep us posted on this one, please.