I agree with the other's that this is a good looking and seems to be salvagable razor. (there could be things we can't see from the pictures) Maybe not immediately on this one but I would encourage you to look into developing your own honing, polishing and stroping skills. It takes patience and time for most (some seem to be excellent from day one- that was not me) but it is quite satisfying when you can take a very dull razor and make it so keen that the razor will just sing off your whiskers. The physics (so to speak) are a lot different than sharpening knives)
If I had this one (I'm not a pro honer but I can make them VERY well honed as I learned the hard way) I would first take some Flitz or Maas polish and polish up the entire blade being careful not to mess with the edge. Then set the bevel, then hone, then polish the edge and strop. Testing things after every step (ex; you don't want to hone until you have a good bevel set, etc.) There are a lot of good methods and hones out there. I tend to use a modified version of Lynn Abram's pyramid method (youtube). I use a DMT extra fine (about 1,200 grit) for a VERY Dull blade edge trailing (when there are nicks and damage that can come off) but mostly use a Norton 4,000/8,000 edge leading then Shapton 16,000 edge leading then Chromium Oxide loaded strop (edge trailing) then leather strop (edge trailing). I practiced on cheaper stainless steel razors that found there way to a drawer and were not used before I felt confident to do my prized Their Isaards etc. But, I say again, once you get it down, it is very rewarding and completely changes the whole experience. Also, it seems that the older razors like this rival or actually do better than expensive new ones.