posted 03-20-2004 10:28 PM ET (US)
Don't take it apart unless absolutely necessary. If the joints are loose, consider clamping them tight and glue with clear expoxy adhesive. If laminate is peeling, see if you can clamp it back down and glue as well. If wood is really destroyed, some dismantling will be needed. If its a total mess, take it apart and use pieces as template. If you don't have a local source for marine plywood, you can find mahagony plywood and solid mahagony at Boulter Plywood Corp, www.boulterplywood.com at 617-666-1340
Strip the old varnish, lightly sand so you don't sand through the laminate on the plywood. Lightly wire brush with the grain to get gunk out of the grain. This will really bring back the "ribbon" look caused by the natural grain.
I like to use an epoxy saturating resin to seal the wood before varnishing, but it adds expense and labor... and its not they way they did it in 1971. However it does a great job water proofing to prevent future damage.
When you take off the steering wheel you may be lucky enough to find original untouched finish. This can give you the color to shoot for. You can varnish the bare wood or stain to match color under the wheel. If you stain, don't use a mahogany stain, they are way too dark. Try a maple stain or cherry stain (in a small area under the wheel and see what you get.
If you're going to use the epoxy saturate, then use water base stain. If you're going to varnish directly, use oil based stain.