Thanks everyone for the great input.
I think my next step is to dig the black stuff out and get a better look at what I have. I like the idea of sanding the groove and then varnishing it and then replacing the black stuff and then varnishing the rail.
Quote:
Originally Posted by ghost
It is a seam. Not just decorative. You can even see the bung on the edge where the fastener is holding the joint together.
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What do you mean by "the bung on the edge where the fastener is holding the joint together"? Maybe it's my ignorance but I'm not seeing it.