Looks like Genuine are starting to drop, so is this.

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Selling @ 4.66-5 Refined & Below.

http://backpack.tf/classifieds/search/Genuine%20Merc%20Medal

2 Sellers @ 4 Refined.

1 Seller @ 5 Refined.

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Outpost Sellers

http://www.tf2outpost.com/trade/12825212 (3.33 Refined)

http://www.tf2outpost.com/trade/12866050 (4.66 Refined)

http://www.tf2outpost.com/trade/12700843 (4.66 Refined)

http://www.tf2outpost.com/trade/12889434 (4.66 Refined)

http://www.tf2outpost.com/trade/12894546 (5 Refined)

http://www.tf2outpost.com/trade/12559586 (5 Refined)

http://www.tf2outpost.com/trade/12243953 (5 Refined)

http://www.tf2outpost.com/trade/12768243 (5 Refined)

Unsold @ 5.11 - 5.44 Refined

http://www.tf2outpost.com/trade/12776182 (5.22 Refined)

http://www.tf2outpost.com/trade/12904453 (5.22 Refined)

http://www.tf2outpost.com/trade/12760909 (5.33 Refined)

http://www.tf2outpost.com/trade/12875395 (5.33 Refined)

http://www.tf2outpost.com/trade/12493139 (5.44 Refined)

(Note: the rest of the Medals on Outpost are either being put up for keys or offers.....)

As you can see, this medal is getting a bit difficult to sell. Most sellers are selling this at either 5 refined or 4.66 and even below.