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The spikes are for working big stuck knots loose.

It's called a Marlin Spike.

About cleaning up those old clasp knives; collectors say you shouldn’t do it, you’ll destroy the knife’s resale value. But those things…a few years back I bought a couple, and gave one away. They were sure nail-breakers. But then, I think they cost $6.00 per knife. I wouldn’t worry about destroying the resale value.

The knives do have good, sturdy marlinspikes. I always figured marlinespikes were the self defense weapons of choice, if a marlin ever tried to mug you in a dark alley. <img src="/ubbthreads/images/graemlins/laugh.gif" alt="" />