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Whats a 500 Gallon propane tank worth ?
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farmer01
Posted 10/29/2008 23:59 (#493832)
Subject: Whats a 500 Gallon propane tank worth ?



Jackson County....... Southwest Minnesota
Have a used 500 gallon LP tank about 30 years old I would guess.... whats a fair price to ask for it ?
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sri
Posted 10/30/2008 00:02 (#493836 - in reply to #493832)
Subject: RE: Whats a 500 Gallon propane tank worth ?


 in decent shape with taggs around 4 to 5 hundred
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Delmarva Ag
Posted 10/30/2008 00:03 (#493839 - in reply to #493832)
Subject: RE: Whats a 500 Gallon propane tank worth ?



Seaford, Delaware
I would be afraid to sell it due to liability concerns. If you look closely it will be stamped with an inspection date. I believe they have to be inspected every 10 years. One of my fuel jobbers scraps them after 20 years due to the costs of testing.

Alan
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Delmarva Ag
Posted 10/30/2008 00:10 (#493842 - in reply to #493839)
Subject: RE: Whats a 500 Gallon propane tank worth ?



Seaford, Delaware
The inspection tag should be stamped with the following information:

Serial #
Working Pressure
Year Built
Water Capacity
ASME Code Symbol

If the tag is missing, or the tank is not stamped, the tank is considered "dead" and illegal to fill with propane. I understand they are in big demand if you have any meth labs in your area! LOL

Alan
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School Of Hard Knock
Posted 10/30/2008 04:25 (#493900 - in reply to #493842)
Subject: RE: Whats a 500 Gallon propane tank worth ?


just a tish NE of central ND
Delmarva Ag - 10/30/2008 00:10

The inspection tag should be stamped with the following information:

Serial #
Working Pressure
Year Built
Water Capacity
ASME Code Symbol

If the tag is missing, or the tank is not stamped, the tank is considered "dead" and illegal to fill with propane. I understand they are in big demand if you have any meth labs in your area! LOL

Alan

What does a meth head do with a 500 gallon propane tank?
Also, what does one do with a scrap propane tank? I doubt a scrap dealer would take it unless it is cut up and cut open.I supose you could fill it with water and cut it open starting at the top??
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iafarmerken
Posted 10/30/2008 06:06 (#493920 - in reply to #493900)
Subject: Re: Whats a 500 Gallon propane tank worth ?



Western Iowa
I have converted them into diesel fuel tanks. If the valve holes aren't big enough, fill with water and cut a bigger ones. Weld a ez fill cap on and use the liquid withdrawl hole on the tank to mount your pump. Put a fresh coat of paint on and you're done. The propane gauge even works with diesel!
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Mike SE IL
Posted 10/30/2008 07:36 (#493952 - in reply to #493839)
Subject: RE: Whats a 500 Gallon propane tank worth ?



Delmarva Ag - I would be afraid to sell it due to liability concerns.
That should not be an issue unless you did something stupid like try and hide a problem.

A 500 gallon tank will not have an inspection date. It will have a manufacturing date.  Properly maintained they are good indefinitely.  DOT containers, like a BBQ grill tank, or even a 420# stationary tank must be inspected.  I think it is after 11 years then every 5.

You say one of you fuel jobbers scraps them after 20 years?  Maybe 100# cylinders, but not a 500.  If he can afford to junl them after 20 years he's making way too much money Innocent

The only worry about meth heads and a 500 would be their thinking (OK, so thinking and meth heads don't fit in the same sentence) it was an NH3 tank and trying to get product out of it.

The only other caveat about an old tank has to do with valves.  There was a valve setup where everythingcame off one stem out of the tank.  It worked well, zillions still out there.  But one particular model has parts no longer available. And I have been away from day to day service long enough I forget exactly which one it is.  It has to do with a valve insert being left handed thread instead of right handed, or maybe vice-versa.

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John SD
Posted 10/30/2008 07:58 (#493974 - in reply to #493952)
Subject: Mike, what about end-fill tanks?



Maybe I'm all wet but somehow I had the idea that they were not PC anymore and could not be sold. Seems they only make top-fill tanks nowdays.

I have a Butler Blue Bell end fill of 1950 vintage and a 1973 top fill which was purchased new. I guess both of these are over the 20 yr limit LOL!

Yesterday propane delivered here was $1.49 which I thought was as reasonable as it will probably get. I should be good to go until March now.

Edited by John SD 10/30/2008 08:02
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Fred
Posted 10/30/2008 08:13 (#493982 - in reply to #493832)
Subject: Re: Whats a 500 Gallon propane tank worth ?


south east SD
Talked to the LP man the other day about a tank for a neighbor. He said he had some $400 tanks that he hated to sell as they fill so slow. The better tanks were $600 all 500 gallons and used. And as far as old tanks go the one at my house has been there since before I was born and was moved once and they drained cleaned and put on a new regulator and hooked to my house again. I think it was a 1950 tank but I can look later. I'm burning $2.00 dryer gas till my contract runs out then it will be cheaper.
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Mike Shimek
Posted 10/30/2008 08:22 (#493984 - in reply to #493832)
Subject: Re: Whats a 500 Gallon propane tank worth ?



High Springs, Florida
Down south here, old propane tanks become BBQ cookers. I just made one out of 100# tanks. Most like the 500 gallon, but that's a lot of iron to heat up to cook a few chickens and ribs, at least for me.
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jasonswmn
Posted 10/30/2008 08:38 (#493997 - in reply to #493832)
Subject: Re: Whats a 500 Gallon propane tank worth ?



Wood Lake, MN
Just bought a used 1000 gal from my propane supplier $900
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Buster 50
Posted 10/30/2008 08:43 (#494001 - in reply to #493832)
Subject: RE: Whats a 500 Gallon propane tank worth ?



North West IA
Looks like this is an area specific topic! I just sold one with a 1977 stamp on it for $600. The paint was scratched but no rust.
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farmer01
Posted 10/30/2008 09:06 (#494016 - in reply to #493832)
Subject: RE: 1961 model



Jackson County....... Southwest Minnesota
Looks like its older than I thought tag says 1961 or 1967 its hard to read
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gene_champ
Posted 10/30/2008 09:31 (#494026 - in reply to #493952)
Subject: RE: Whats a 500 Gallon propane tank worth ?



LACONIA IOWA
i have a 50's 500 gal tank for house. lp guy says it is hard to fill. tank will actually get warm while filling. helps some to hook up the vapor line. why would it fill harder that others. when i asked about using it for the corn dryer, he said the liquid line does not go all the way down.
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wheat farmer
Posted 10/30/2008 10:09 (#494056 - in reply to #493832)
Subject: RE: Whats a 500 Gallon propane tank worth ?



In this area they are bringing $300 - $400 at farm auctions.  If nothing else, take it to a neighboring auction and let them sell it.
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agboy
Posted 10/30/2008 20:24 (#494290 - in reply to #493982)
Subject: Re: Whats a 500 Gallon propane tank worth ?



Flandreau, SD

you mean you are honoring your contract?  You can't believe the people that call in and complain about gas that was contracted months ago.  might go back up as there are not enough trucks to haul it fast enough from the pipeline and heard the pipeline ain't keeping up either?

 

 

you with Koopman?  you tell them you got a better deal in Flandreau with me and see what he says.  Wink

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Mike SE IL
Posted 10/30/2008 21:51 (#494382 - in reply to #493974)
Subject: RE: Mike, what about end-fill tanks?



John SD - (RE: ...what about end-fill tanks?) ... I had the idea that they were not PC anymore and could not be sold. Seems they only make top-fill tanks nowdays.
I think top fill is all being made today, but nothing wrong with and old end-fill, just a bit harder to work with at times.  Nice thing about them is they are lower profile, so not as "visually intrusive".  I kind of like them myself.

One area of confusion has to do with "butane tanks".  There are some older tanks out there that are "200 # tanks" instead of the current rating.  They are still legal, just a bit of a problem.

Yesterday propane delivered here was $1.49
Dryer gas today was $1.94.  Prepaid contract gas was $2.20

Oh, and Gene said

i have a 50's 500 gal tank for house. lp guy says it is hard to fill. tank will actually get warm while filling. helps some to hook up the vapor line. why would it fill harder that others. when i asked about using it for the corn dryer, he said the liquid line does not go all the way down.
They discovered the idea of filling from the bottom (which is how a lot of older tanks were built) was not a good one.  The tank pressure's up quicker than a "spray fill".  And some tanks just fill hard. If I could figure out a quick and cheap fix I could probably make a lot of money.

On a lot of older tanks, especially the ones I mentioned with everything on one stem (the trademarked name was "Multivalve") , the fill fitting connected to a tube which went to near the bottom of the tank.  The theory was you could then use a special valve to pull liquid out of the fill valve if you needed to empty the tank.  Great theory, lousy practice. 

Oh, here is a photo of a tank I found interesting



Edited by Mike SE IL 10/30/2008 21:54




(Yellow Submarine 2 (Small).jpg)



Attachments
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Attachments Yellow Submarine 2 (Small).jpg (73KB - 120 downloads)
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quad07
Posted 2/17/2011 20:30 (#1620110 - in reply to #493832)
Subject: RE: Whats a 500 Gallon propane tank worth ?


I’m interested in your tank. $300 to $450 depending upon condition & location
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Mike SE IL
Posted 2/17/2011 23:16 (#1620632 - in reply to #1620110)
Subject: RE: Whats a 500 Gallon propane tank worth ?



You must have been doing a Google search for propane tanks or something!  Look closely, the date on this thread is 2008.  I'm impressed you found it.

Oh, in answer to how did I find it, I do a quick search every day doe my active threads.  Since I commented in this one it came up as active this evening.

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John SD
Posted 2/20/2011 11:12 (#1624503 - in reply to #1620632)
Subject: RE: Whats a 500 Gallon propane tank worth ?



Same here Mike! I wondered what was going on since this thread has completely escaped my memory until now LOL!
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