Just got through doing all 4 of my '99 rims (about an hour a wheel). I started with a 340 grit wet-dry sand paper, then 400,then 600, then red compound, then white compound. The mirror finish, when you do this right, is nearly impossible to tell if it has clear coat on it or not. Now it's ready to re-clearcoat either with spray or brush-on from an auto parts store. Also, I used a smooth jewelers file to clean up a few deeper notches when the 340 grit was going too slow. I found the hardest part of getting this right was to "finish" each grit before going to the next. For example, if you get overly eager to get to the rubbing compound before you're done with the 600 grit you're going to waste a lot of time, or end up with a less than fine finish like "shiny scratches". Anyway, it's great therapy for when you get cranky after discovering or making dings in those beautiful wheels. Hope this helps.
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