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@TeeTee
Early 1960s, I'd say.
That's not that rusty. Give it a spray and wipe down with WD40 to clean it up. All the alloy bits will shine up with Autosol and elbow grease. You could probably salvage most of the chrome with the same technique, or at least get it back to bare metal. If you do convert it, keep hold of all the old bits or sell them on here/Ebay. And please don't get it powdercoated.