refinish? sure!
I have a 1951 Savage model 99; I hunted several years ago in a torrential downpour, and some of the original finish (flat sheen) rubbed off on my gloves (you could see my hand prints in the finish). I was told to rub Tru Oil on it, to restore it, by one of my buddies. Well after 3 coats of Tru Oil rubbed in by hand (without adding any stain) the stain was uniform again, but it had a satin sheen to it, with a nice luster. So I probably devalued it,(shame) but it looks awesome! I have hunted in the rain since then, and the finish is holding up just fine. I usually add another coat of oil every year or so, but only if it needs it.