IMO, it would require much more work & /or cost than the knife would ever be worth. Why not use it the way Grandpa used it? The sentimentality makes it a family heirloom of sorts. Most non locking folders aren't designed as stickers & if used as such will close on you.
Apply pressure on the edge, not the point & slice with it.
I have a few from my dad that I use, but wouldn't want to change from the way I remember him using them.
Larry