Cities are an ever-changing space, filled with commerce and community. Signage plays a strong role in the visual narrative of the urban environment. It creates a constant visual hum, a street level monologue of promotion, identification and direction. Commercial signs are designed to serve and improve business. So, what role could an old, fading or non-functioning piece of signage possibly play in our neoliberal capitalist society? From a designer’s perspective, there’s a lot to like—the craftsmanship, the idiosyncrasies of a hand-generated pieceof typography, the sense of nostalgia for a time before globalisation and brand guidelines took over. Looking at historic signs from a broader context they also represent an “intricate urban history.”1 They speak of the changing face of commercial enterprise, social values and cultural expression. Even when they no longer serve their original semantic role of commercial promotion, they “accumulate rich layers of meaning. They no longer merely advertise, they are valued in and of themselves. They become icons.”2 The semiotic function of an historic sign shifts to a new role—signifying notions of survival, continuity and loss. They also feed into our complex personal narratives of place, identity and community.3 These multiple and interwoven values can form the cultural significance of historic signs. Despite this recognisable value, historic signage tends to fall through the gaps of heritage practice and legislation in New Zealand. This paper offers a set of case studies that represent a range of possible outcomes for historic signs, when they exist outside a system of heritage management. I propose six categories for framing the case studies: remain, repair, regenerate, relocate, replace and remove. These examples are combined with a broader reflection on the value of historic signage and an overview of relevant heritage practice in New Zealand. The intention is to encourage reflection on the possible heritage significance of historic signage and our current approach to assessment, scheduling and conservation.