I was surfing yesterday, came across this article, thought it was apt for this crowd. Thought this was a cool, amateur, solution if anyone has any reels without access to professional archival equipment. :3)

How to Convert Old Films 

He needs to use a better capture device. Something like this , I think. Then he'd be able to scan in at real-time, extract the full dynamic range, and not have to do multiple exposures per frame. There's software already developed for this for anyone who's interested, and it can be done with 35mm and 70mm too. When done well the results are far from amateur, and are quite a bit better than traditional telecine machines. It is cool though that he developed his own solution - it just shows how easy it is!