This may be old news but it helped me and may help someone else:
Ok, so Ive been known to my group of friends who can take apart just about any rusty, frozen bike and I still have not been beaten to this day. My friend brought me this coppertone stingray because the entire bike was frozen solid. I worked my magic on all but the seat-post but not to be beaten I devised this idea in bed one night and low-and-behold it worked! this will only work if you have some, even an inch, of post sticking out.
Tools
-A welder
-PB or any manner of Liquid Wrench type stuff
-impact socket that fits inside or snugly over the post
-impact
This post is the tapered kind found on most earlier bikes so I found a cheap Walmart impact socket (yes I know its chrome and not black) that fit snug over the post and tapped it as far down as it would go (inside the post if its cut off short). Once the socket was secure and I had removed some chrome and prepped the post, I did 3 small stitch welds joining the socket to the post. While its still hot, spray where the post goes in with Power Blaster (or whatever you use) and the heat will cause it to boil down into the seat mast area and then let that sit for a second.
Once that was done I put the frame on the ground between my knees and proceeded to give it all the ugga-duggas with the impact I could give it. To my surprise, it only took around 30 seconds of grunt and it wiggled slightly and then started spinning for its life!
Once that was done and I stopped smiling I thru it into my stand upside down, spun it with the impact and worked it down and came out clean as a whistle and hell it even cleaned the inside of the seat mast on the way out!
I should note, up until this point I had been working on it a week and had tried tightening a seat on it and wiggling it, I tried heat and then rapid cooling, I tried jarring it loose with small hammer taps, I taped the end of the post and filled it upside down with Power Blaster and even tried a pipe wrench on a rag....NOTHING. This method got it out in about 10 minutes total counting welding.
In this case James didnt care if I ruined the post so i didn't bother fixing it or the cheap socket, but if you have a cut-off wheel and a grinder and wanna save the post or socket, afterwards you can cut thru the weld carefully, remove the post from the socket and grind down the welds.
Here are some lame screen grabs from the video I made.
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