On the heels of the excellent post about the history of the bullet pencil comes this piece, with instructions for restoring bullet pencils into working condition:
“If you’re a collector of these old commercial bullet pencils rather than an end user, please read no further because this post will most likely distress you. I am taking a 1930s bullet pencil and stripping all of the collector’s value out of it – every last drop. This quirky little writing instrument may have survived the ravages of the past 75-80 years, but ultimately it couldn’t survive me with its original finish and character intact. If it makes you feel any better, this bullet pencil is but one of 13 that I have acquired recently. The rest are safely packed away in their original condition and hopefully they’ll remain that way for posterity.”
See also this article on hacking a notebook to hold a bullet pencil.