I was at forum member The Topher's house some time ago and he was restoring some old blades. A bit of grinding here and there and polishing with the Dremel. He had a glass of water on the workbench with ice cubes. Every so often he would dip the blade in the water.
He told me that he could feel the heat in the blade and when it reached a certain point he would dip it and cool it off. This may be general knowledge amongst you gentlemen that do restores but in case it hasn't been brought up lately I just thought I would mention it. :tu