It has obvious wear on the metal. Both sides of this sign works. I have some of the original bulbs for the triangle part of the arrow for one sign. These bulbs are no longer produced. I have checked every socket and they all work.
I believe this sign was made sometime around the 1940's. I have only saw a few other ones like this but this one has pop outs where it says OPEN on one side.
I've not seen any others like this. The item "Rare, Vintage DOUBLE SIDED SIX FOOT LIGHTED ARROW OPEN SIGN" is in sale since Tuesday, August 4, 2020. This item is in the category "Collectibles\Advertising\Merchandise & Memorabilia\Signs\Original\1930-69". The seller is "ambenowa2" and is located in Nevada, Missouri. This item can't be shipped, the buyer must pick up the item.