If it were my glove .... (and it could be - just say the word and I will send you TWO dollars for it!!

)
1. Replace the lacing yourself. Use as close to the vintage lacing as you can get.
2. Condition it according to your best practices - Lexol, Lexol-NF, pure lanolin, Vaseline, whatever ... give the old leather a good going over!
3. Play lots and lots of catch with it, pitch batting practice to your son's summer league team while wearing it, show it off to all the kids who don't know the history of gloves, and enjoy being a minor celebrity for a few weeks because of your really cool old glove.
4. Try the new patch at the shoemaker shop idea. It will make a world of difference to the appearance of the glove to have the patch back on the strap.
5. After a few seasons of baseball, after you realize what a great glove it is, and after you save your Coke machine money for a few months, make arrangements to send it to Kenny Jenkins. It will be worth it!
I think it is a unique glove. I don't see many of those T-traps; they would seem to be kind of the bridge between the Trap-Eze and the Modified Trap that I think so much of. So to me, I bet that glove has some historical significance.
Anyway, just my two cents' worth, but like I said, I can make it TWO DOLLARS!!

Yes, I still have my first glove.