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[BlackRazor]

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[stjames]

The use of a felt or cloth wheel loaded with polishing compound for sharpening is fairly common, I'm not sure about a leather wheel but imagine it would also work. Be very careful when using any power tool to sharpen your blade, I understand this is how a lot of injuries happen in knife makers shops.

 

[BlackRazor]

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[stjames]

http://www.kovalknives.com/buffs.htm

 

[ferguson]

I haven't used one myself, but another forumite recommended this:

http://www.talonman1.com/prod02.htm

Steve Ferguson

 

[TODD1]

$30 BENCH GRINDER,$5 6" COTTON BUFFER WHEELS,MULTI-PACK OF ROUGE,A DIMMER SWITCH TO MAKE IT RUN SLOW OR FAST! Works great and you can get it all at SEARs or LOWES HARDWARE!! OH YEAH IT WORKS GREAT ON SERREATED EDGES!!!
Todd

 

[Jimbo]

I got a 1" belt/6" disc grinder on sale. I then got a leather belt from Lee Valley and loaded it with buffing compound. It works fine. Buffing on a wheel takes lots of experience as friction is high, and is dangerous.
Normally though I hone the blade on a large a surface as possible, then strop with first carborundum powder in oil, then green buffing compound. All by hand - satisfying..