Re-recording ancient reel to reel tape?


My little Aiwa 1/4" tape recorder sat in a drawer for decades. Tape recorded 30 years ago plays at normal volume but now will only record at an extremely low level. I can hear the playback, but only barely. The tape stock is 40 years old. It erases fine. The volume/level control seems ok. Does old tape lose its ability to record? Do microphones dry out? Suggestions?
rockvirgo

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