just picked up a 60-61 Apache hood emblem (Chevy Bowtie) which has some serious fading of the red paint along with small tiny dings from years of rocks and debris.

I want to restore the red paint inside the emblem before putting it on my '61 Apache but am not quite sure how to do this. Should i sand the old paint and dings out and repaint? What kind of paint should I use?

Thanks in advance..

Robert