Hi Just,
To answer your questions.
The pictured work area is just one corner of my shop. I have a sander, grinder/buffer, drill press, bandsaw, dremel, vice, and a small homemade anvil, I'll grab some pics of the rest of the mess today

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You can work on knives with minimal tools, just takes practice, presses, lathes and milling machines would be real handy, but you can only buy what you can afford

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You usually remove the head from the rocker pin (center pin that retains the backspring) then tap it out, then you can totally disassemble the knife. For this knife I decided to try and keep it as origional as possible and only tapped out the pivot pin (that reatins the blades) out with a punch, then removed the blades. To install new blades, it may be neccesery to further disassemble the knife to check tang-backspring alignment and do any fitting that may be required. Only one pin will need to be removed, and it will be easily replaced.
The other pins, just hold the scales to the liners, it makes your job much easier if you leave those alone

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I use a simple flat head pin punch to knock the pins out, sometimes they can be salvaged for other knives, but are usually too short to use in the same knife and sometimes they are so worn they are only good for the trash bin.
I save old pins for 2 reasons
#1 being I may be able to use them for a future project
#2 being I am just a packrat
Hope this answers some of your questions, feel free to ask any other questions you may have. I am not an expert by far, just a backyard mechanic.
I am glasd the poeple here truely appriciate a setp by step photo process, I have posted such things elsewhere and got minimal response.
If any of you are interested, here is a process of rebuilding an old Ulster EZ puill jack I did a few months ago.
http://www.collectors-of-schrades-r.us/ ... estore.htm