The Lie Nielsen No. 1 is based off of the Stanley No. 1 bench plane. The overall size of this plane is loosely equivalent to a block plane, yet with a rear handle and smaller front tote. Made for small detail work and smoothing operations during touch up. The bronze body lends heft to this smaller size plane, typically smaller iron planes feel light and some users observe the bronze in the smaller plane improves performance.
Lie Nielsen has been making hand planes since 1981, bringing discontinued designs back to production.1

2 This is the first plane of the Bailey series, which Stanley made into the world's standard plane configuration after they bought the patent rights to the design from Leonard Bailey, who was making the planes in relative obscurity in Boston, Massachusetts during the 1860's. Bailey had experimented with several designs, but finally settled upon a style that is still being manufactured, with minor modification, today.

2 This plane was designed to smooth small areas and was found practical by many since it can be used with one hand, much like a block plane is. It never has a number cast on it, nor was it ever provided a lateral adjustment lever. The plane always has a solid brass nut for the iron's depth adjustment; i.e., the brass nut does not have the hollow depression that is typically found on the nuts used on the larger bench planes.

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3 All Bench Plane bodies are surface ground flat and square to a tolerance of .0015". Depending on how much use your tool gets, an occasional light sanding with 320 grit or finer wet/dry paper on a flat surface will keep the sole in as-new condition. Tools with Iron bodies should be kept lightly oiled or waxed to prevent rust. Lie Nielsen recommends Jojoba Oil, a plant based oil product that is non-toxic, odor-free and easy to use. Lie Nielsen also reccomends a fine abrasive handblock to remove any light surface oxide from tool bodies and blades.
A light oiling on the threaded rod, the Brass adjuster nut and the lateral blade adjustment lever will keep them moving freely. Many people like the patina that Bronze gets with age and use, but if you wish to keep the finish bright, a little brass polish is in order. The Cherry knob and handle are oiled and buffed with wax to produce a natural finish. Wipe with oil as desired to refresh.

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Lie Nielsen Manual on Sharpening

Lie Nielsen Tools Works (No.1 Bench Plane)