Dana, I like Tung Oil. It dries hard with a slight honey color and is water proof. I use the Minwax, but would like to try some pro tung oil that can be found in some woodworkers catalogs. I start off rubbing the first application in with my fingers until the wood will not accept much more oil, that takes awhile. When that dries lightly rub with OOOO steelwool, careful that you do not rub the stain off, I try to just dull the finish so the next coat of oil grips. I will apply 4-5 coats. Then for a hand rub polished look take a cotton rag wet it with boiled Linseed oil, sprinkle "Rottenstone"(a fine grit, also found in woodworkers catalog) into the oil on the rag and give it a good rubbing, then wipe the handle clean. That treatment will leave a rich look. Try it on a test piece of the wood of your choice and see if you like it. BTW Punice stone works too!
Steve
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Potomac Forge
Member, W.F. Moran Jr. Museum & Foundation