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What I proceeded to do was use some green chromium oxide paste on a cotton swab and try my best to polish the rust off everything. I cleaned everything off, but not entirely, leaving a little polishing paste behind. Then I reassembled it and added some mineral oil, hoping it would soak up the paste so it could flow better throughout the bearings. I carried it for a couple days, flipping it when my hand was bored.
I just took it back apart to clean out the Cr2O3 and Fe2O3 laden oil, and reassembled it relatively dry. I can still feel a film of oil, but there isn't much. The action is much better, but still not as good as it once was. I'm thinking maybe a couple more treatments like this might help, but I'm not sure. Questions:
Does anyone have any tips or ideas to better repair a problem such as this?
Does Spyderco or any third party vendors carry these bearings so I could just replace them?
What about the races? And is that even the right term here? The washer-like things underneath the bearing assemblies.
Thanks folks, and I hope this never happens to any of you!