There's not a whole lot that you could do about keeping iron items nice and shiny when they're outdoors. The basic fact is, any and all exposed iron surfaces will have rust forming on the surface in a month or two. It doesn't matter what part of the country you're in, if ther'e water in the air, iron will rust. I live out in Phoenix, and even thought it may be pretty dry here, unpainted steel will rust surprisingly fast.
Also, by polishing you steel, you tend to accelerate the oxidizing process, as you have just prepared a clean, pure steel surface that the water can get to right away. Items that are covered in grease and crude generally won't rust underneith that armor of dirt, unless there is water trapped benieth it.
If you want to protect the polished finish of your metal without painting it, here's what you do. Yo out and get a clear varnish like the kind that's used to protect paint finishes. Spray cans of clear coat paint would probably work best for you. You should find those at a local hardware or paint store.
Good luck with your scavenging!Matthew ImbrognoMechanical Vollenteer, Arizona Railway Museum.
Unfortunately, not to be argumentative, even many varnishes won't do it. Many of them tend to be porous, believe it or not, and will still let some moisture in over time. At least, this has been my experience with Varathane and other varnishes that I have used in attempts to stave off oxydation and corrosion. Add sunlight, and you accelerate the problem that much more. Leave the objects out overnight, exposed to the moisture-laden morning air, and it gets worse. I have tried WD-40, machine oil, gun oil, and even a light film of grease...the latter being the best of the lot. You would almost have to display the items in a hermetically sealed case purged with nitrogen. On the other hand, there are always more spikes.
Microscopic water droplets will have a high content of dissolved oxygen which, when in contact with easily oxydizable metals, like iron, will bond with the available molecules producing microscopic bits of rust. Over time, they add up.
Tempus edax rarum. "Time is voracious."