Re: Brushed Latex Paint on an old dresser
Not being able to see the dresser it hard to say if a "light sanding" will do the trick. If you are putting different pulls on it you would at least want to feather the edges for the chipped paint to get a fairly smooth new paint job. You can try going around the old knobs with an exacto knife, utility knife, or razor blade to break the paint junction at the knobs.
Hope that helps,
Be sure you live your life, because you are a long time dead.-Scottish Proverb