I guess you've got two choices ; you can just try to stabilise the surface or you can polish the blade .
Polish takes a long time and much effort .
With all respect to Double D you're not going to make any significant progress using 0000 wool and fish oil .
If you opt to polish you will lose that 'patina' and I use the term loosely in this case . To polish you'll need wet/dry sand paper starting at about 120-200 grit ; wrap it around/or glue it to a square or round piece of wood maybe one inch square and wet sand the blade only lengthwise using finer and finer grits until you get into the superfine grits (garnet paper) that auto body shops use ; a lot of work and probably a few cuts later you can final polish the blade with a wheel and rouge/tripoli if you wish.
Then you can etch it .
For the hilt; you can have a woodworker turn you an exact copy from some nice dark hardwood.
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