I am wondering if good old Shellac is worthy ?
It is very widly used in the timber / furniture finishing trades.
We use if for sealing all of our repro (and other) frames we make, mostly to seal edges for sanding, but also to prevent moisture ingress.
For interest sake, I googled it and Wiki has some interesting reading . . .
http://en.wikipedia.org/wiki/Shellac
The opening paras . . .
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"Shellac is a resin secreted by the female lac bug, on trees in the forests of India and Thailand. It is processed and sold as dry flakes (pictured at right), which are dissolved in ethyl alcohol to make liquid shellac, which is used as a brush-on colorant, food glaze and wood finish. Shellac functions as a tough natural primer, sanding sealant, tannin-blocker, odour-blocker, stain, and high-gloss varnish. Shellac was once used in electrical applications as it possesses good insulation qualities and it seals out moisture. Phonograph (gramophone) records were also made of it during the pre-1950s, 78-rpm recording era.
Shellac is one of the few historically appropriate finishes (including casein paint, spar varnishes, boiled linseed oil and lacquer) for early 20th-century hardwood floors, and wooden wall and ceiling paneling.
From the time it replaced oil and wax finishes in the 19th century, shellac was one of the dominant wood finishes in the western world until it was replaced by nitrocellulose lacquer in the 1920s and 1930s."
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Other interesting info from the Wiki . . . It takes about 100,000 lac bugs to make 500 grams of shellac flakes. The colour is influenced by the sap of the tree the lac bug is living on, as well as the time of harvest. Shellac is a natural bioadhesive polymer and is chemically similar to synthetic polymers, and thus can be considered a natural form of plastic. The earliest record of shellac goes back 3000 years, but shellac is known to have been used earlier. According to the Mahabharata (scriptures from ancient India and Nepal origin), an entire palace was built out of dried shellac.
In the Wiki info, the uses near the bottom of the page are so varied, it is quite incredible.
Cheers,
Les