Your Eternal Reward just isn't as rewarding as it use to be :(

1.2 keys = 1 key and 1 refined

Sold/Selling for less than 1.2 keys:

http://www.tf2outpost.com/trade/13393802 1 key

http://www.tf2outpost.com/trade/13374952 1 key [sold]

http://www.tf2outpost.com/trade/13368781 1 key [sold]

http://www.tf2outpost.com/trade/13367688 1 key [sold]

http://www.tf2outpost.com/trade/13379490 1 key [sold]

Sold/Selling for ~1.2 keys:

http://www.tf2outpost.com/trade/13368885 1 key and 1 refined [sold]

http://www.tf2outpost.com/trade/13337851 1 key and 1 refined [sold]

http://www.tf2outpost.com/trade/13367874 1 key and 1 refined

http://www.tf2outpost.com/trade/13393621 1 key and 1 refined

http://www.tf2outpost.com/trade/13393320 1 key and 1 refined

http://www.tf2outpost.com/trade/13390626 1 key and 1 refined

http://www.tf2outpost.com/trade/13388796 1 key and 1 refined

http://www.tf2outpost.com/trade/13391419 1 key and 1.11 refined

http://www.tf2outpost.com/trade/13378516 1.2 keys [sold]

http://www.tf2outpost.com/trade/13364004 1.2 keys [trade closed, but still in bp]

http://www.tf2outpost.com/trade/13377579 1 key and 1.22 refined

http://www.tf2outpost.com/trade/13372552 1 key and 1.33 refined

Sold/Selling between 1.2-1.4 keys:

http://www.tf2outpost.com/trade/13371462 1 key and 1.66 refined

http://www.tf2outpost.com/trade/13382180 1 key and 2 refined

http://www.tf2outpost.com/trade/12969943 1 key and 2 refined

http://www.tf2outpost.com/trade/12893368 1 key and 2 refined

http://www.tf2outpost.com/trade/13291824 1 key and 2 refined

http://www.tf2outpost.com/trade/13388846 1.4 keys

Plenty in-between 1-1.2 keys in classifieds: http://i.imgur.com/XI1beHm.png

Conclusion:

Too many willing sellers between 1-1.2 keys for 1.2+ keys to continue being in range, however, it seems that people selling for a key are still "quicksells" and shouldn't be included in range.