"Old photo, vintage effect"

Picture before changes:

After:

• Open original image in Photoshop.
• Go to Filter > Blur > Surface Blur.
• Choose Image > Adjustments > Gradient Map

• Image > Adjustments > Levels.

• Image > Adjustments > Curves.

• Image > Adjustments > Photo Filter.

• Find the center of composition and create round selection using Elliptical Marquee Tool.
• Go to Select > Modify Feature Selection (80-100)

• Select > Inverse.
• Choose Filter > Blur > Lens Blur.

• Filter > Noise > Add Noise

• Duplicate background layer.
• Apply Grain Filter to it.

• Apply Overlay Blending Mode and Opacity 50% to it.

• Find any scratches texture, I used texture from here

• Choose Image > Adjustments > Levels.
• Move central marker to right a little bit.

• Apply Soft Light Blending Mode and Opacity 80% to this layer.

• Merge both layers.
• Add Inner Glow effect to created layer.

• Place in the bottom layers two old paper texture layers.
  • Dark paper should be in the lowermost layer

• Add Layer masks to the picture layer and light paper texture layer.
• Create ragged edges using round brush in the Layer Mask.
• Apply shadow layer style effect to the light paper texture layer.

And here is result! Click to larger view.