Here is a 25cent yard sale kids toy hammer head I found, that happened to be real tool steel (for once)
Yup I totally ruined it with a hand carved octagonal spalted hickory handle, and a reshaped polished head.
It used to be a prized relic of the cheapening of American industry,
and now its merely a museum piece, the only one in the world.
Here was another perfectly good 50 cent 12ounce claw hammer head I ruined.
It really was worth the ---entire 50 cents-- when I started.
but once again I totally ruined that.
Sledge hammers are supposed to break handles directly below the head. This is the way it has always been.
But here we go again, totally ruined original scrap metal hammer heads, being made into something that will probably last forever if I don't leave them out in the rain.
(hickory may be the best wood on planet earth for a handle, but it absolutely detests water. Even a few nights out in the rain and they are---------- gone.)
The thing is,
A complete original finish on an 18th century Newport highboy adds about $200,000 to the value. A dazzling original finish, $400,000.
But the same highboy, damaged as they usually are, with nothing more than a beat to crap, raggedy last trace of finish, sells for 10% of that, at most.
Whether you refinish it or not, its 10% value at best.
The Antiques Roadshow appraisers that can't wait to complain about refinishing cling to a fantasy of complete dazzling original finish, dancing in their minds,..... always.
As if every old piece would have been valuable.
But the truth is, if all old goods had a full original finish, then none of them would be valuable anyway.
Not 1 in 100 antiques have a good enough original finish to worry about.
But the appraisers are always hopeful and willing to make someone feel bad about it, at the drop of a hat.
It wears on me, as if you couldn't tell.
Most of the stuff you see on Antiques Roadshow is actually more valuable refinished that it would have been in the trash condition it started out as.
yours Scott