let me be a little more clear about chisels. i have probably a dozen large metal center punches and metal chisels. i will work on a forge construction..
I initially thought you were asking about metal chisels and not wood chisels, because what's a wood chisel? More specific, what's this wood you speak of? I know nothing about it... /sarcasm.
Metal chisels are made of tough alloys that are impact resistant, but not very hard compared to blade steel. Think 4350 vs. M2, one is selected to take a beating and won't hold an edge, and the other is good for cutting tools but will shatter or break under hammering.
Some tough alloys can be hardened enough to make a blade, but won't always perform well as a blade. Spring steel is a good salvage material to make general purpose blades out of, it heat treats to the point where grinding is necessary to form an edge. Many wood tools and utility blades have been made of old leaf springs.
Your chisels and punches would make good chisels and punches by reworking into useful shapes, maybe even good hammer heads if you draw the temper soft enough to not chip. They would make good farm implement blades where they must take a beating more than they need a fine edge, like swather blades or plowshares. Mower blades are in that range, too, not that I'd make one from old chisels.
Chisel steel would make a fantastic backbone for laminate or damascus steel knife blades, where the cutting edge is formed from harder steel and the balance is tough steel, if you want to dabble in that rabbit hole.