I don’t think there is any requirement to remove a patent date after a certain amount of time has passed. Generally the only thing you can infer is that the item was made after (or on) the date the patent was granted.
Listing a patent adds a little prestige and warns competitors. After too many years it might become a liability, stating “look at us, we still make our old stuff and haven’t made any significant improvements.”
Whether to mark an item with a patent date or number is up to the maker. I think the only requirement is that it be a real patent, not something made up. And “Patent Applied For” (or Pat Pend, etc.) is legal only if a patent application has in fact been filed.
Are there any patent attorneys here?