jartzh,
I use Min-Wax Antique oil for a finish on a lot of the furniture that I build.
One thing to keep in mind is that the oil is not a film finish such as a varnish or laquer.
What it does though is soak into the wood and hardens there.
Any additional coats as you suspect will be rubbed off if you use sand paper or steelwool.
This is how I apply the oil as a finish.
- Apply a generous first coat with a brush and keep at it until you get tired of doing it
. What I'm looking for is areas that drink the oil right up, I'll keep those areas flooded with oil. As long as you keep the finish wet it won't start getting gummy on you, so you have quite a bit of working time.
I use Scotts, Shop paper towels to wipe up the oil when I'm satisfied with the first coat. I then let it dry overnite.
Note: Dispose of the oily rags properly!
- Apply the 2nd coat, this time rub the wet oil with 4/0 steelwool. Make sure you rub with the grain. Wipe off excess oil with the paper towels, caution on the disposal again.
- Apply 3rd coat, this time I wait until the solvent in the oil mostly evaporates off. The remaining oil will be the consistency of a heavy weight motor oil.
If the oil gets to sticky, just apply some fresh oil to it so it's workable.
Again using the paper towels, I carefully wipe the oil off, wiping with the grain. Do this with a low angle light so you can see any streaks in the finish. - After the finish is dry,in a couple of days, I'll then go back over the finish with 4/0 steelwool dipped in Johnson's Paste wax. Make sure that you only rub with the grain. After the wax has dried I buff it out.
The below picture of a blanket chest was finished by this method. I like this finish as it is easy to apply and maintain.
Hope this is of some help to you.