Hey reptileink, nice start!
Great minds think alike!
I picked up a 1946 Philco in February. It looks similar, but has a swing out door that used to house a phonograph (record player). The radio looked descent, but the record player was significantly damaged, perfect for my purposes. I had been searching on craigslist and ePay and even when I found a reasonable one, the shipping was $100+ and a lot of craigslist folks didn't want to mess with it. Then I found a local guy selling this one for $50, so I called him and picked it up on my lunch hour. The cabinet & wood were my main concerns and they looked in pretty good shape, no permenent damage. I plugged in the radio, the tubes slowly lit up, I tuned in a local radio station, and IT WORKED! COOL!!! (I have since read on an antique radio site, DO NOT DO THIS!!! It is very dangerous, could damage the radio, and more importantly, likely to catch fire!) I gutted the electronics (saved the radio and tossed the record player). I spent several weeks stripping the finish, it was damaged and un-naturally dark. The project was put on-hold at the beginning of the summer when the kids came home from college and filled my garage
Well, school started and I got my garage back a couple weeks ago and I've been working on it a couple hours here-and-there (no rush, but I am getting excited). The wood restoration turned out much better than I expected (I've never stripped, re-stained, and poly-ed anything before). I started off applying the poly (satin finish) with sponge brushes. That worked great for long straight strokes, but really showed up bad on corners and turns. I gave it a good final wet-sand with 600, then 1000 grit, then bought a couple can of the semi-gloss spray poly and really liked the results. Just take your time and don't spray too thick (it's tempting to pile it on when the surface looks so smooth, then you see the RUN form! no problem, let it dry a day and lightly / carefully sand it smooth again, then go easy on the coats!
I've got almost all of the new PC electronics mounted and I'm hoping to finish up in the next couple weeks. It was a tight fit and a lot of stuff to mount, but I think it’s going to work out.
My last step (and this is where we were really thinking alike) is to mount some light tubes behind the front grill / bars, that are sound activated. I was able to re-install the original radio (cleaned up pretty nice) and replaced the old bulbs with some new Blue LEDs, looks pretty neat, I think.
My goal was to have it almost bone stock when it’s turned off, so you couldn’t tell it was ever modded. But when you open the front door and turn it on, HI-TECH, LIGHTS, and Loud Music!
Good Luck, I look forward to seeing your progress.