Originally Posted by
Road Fan
I would approach that crankset with care. Cotter pin cranks can be tough to take apart, and to get back together correctly. Not that it won't benefit from help, but it can be done wrong.
I couldn't tell from the photo if it was cottered or single piece. A cottered crank tool will make removal a LOT easier.
As for grips, you have your choice of the aforementioned Hunt-Wilde grips, Rivendell or Dimension cork grips, or Problem Solvers 7/8" to 1" shims with 1" grips. Cork needs to be sealed: Shellac looks the best, but polyurethane will work.
If the front wheel bearings are still in their rings and still shiny they should be OK. If they're dull or copper-colored, they need to be replaced. Bearing cups should be OK as long as they aren't pitted.