Straight Razor--Peace Binding?

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Hi all,

The Sweeney Todd to my Mrs. Lovett just bought an old school straight razor on E-Bay and it is sharp (eeeeek).  He is DEFINITELY going to blunt the blade so that isn't a problem, and I've told him that he probably shouldn't do any open-armed, open-razored Sweeney Todd photo poses in crowded areas, so precautions will be taken.  However, does the razor need to be peace bound?  Any other precautions you'd recommend?  This is the first experience either of us have with any sort of "weapon" at a con, particularly an item such as this, so all cautionary advice is most welcome.

Thanks!!!