This price is somewhat outdated if you look at it, most of the sellers who are in the crate trading business who still have active trades are selling for more than 1 ref. Outdated trades as well as one-off type sellers are the only ones asking 1 ref or less.

Disclaimer: I own a bunch of these and have a vested interest in the price. That being said, I've already had my price at 1.66-2 ref for a while, and more recently at 2.33 (last 1.66 or below sale was over a month ago). Links to past month of sales:

http://oi58.tinypic.com/f2vgcg.jpg

http://oi61.tinypic.com/121fm7d.jpg

http://oi62.tinypic.com/2jblh0w.jpg

http://oi62.tinypic.com/zwgpc3.jpg

http://oi58.tinypic.com/116tdaa.jpg

Only looking at prices that have a bump within the last 3 months (using discretion within that range as well, it's just 3 months is the last price update)

Steam Market prices have for the most part been above $0.30 which is slightly more than a ref is currently worth.

---Buyers:---

http://www.tf2outpost.com/trade/18047235 -- 1.11 per (Stated below bought 10 in past few days)

http://www.tf2outpost.com/trade/18142363 -- 0.77 per

I personally am trying to buy at 0.33 per, but if I need to restock, i'll pay 1.00 per.

---People still selling at 1.00 or less:---

http://bazaar.tf/trade/703221 -- bumped withing the last day (no stated price, appears as though 1 scrap per)

http://bazaar.tf/trade/193396 -- bumped 6 days ago (0.66 per crate (says he uses bp.tf but not the most up to date, last post on the trade was 10 months ago)

http://bazaar.tf/trade/557535 -- bumped a week ago (bp.tf price (1.00) cheaper if bulk)

http://bazaar.tf/trade/604593 -- 3 weeks ago, (1.00 looks from the trade to just use bp.tf prices, scottish was sold 2 months ago when price was dif.)

http://www.tf2outpost.com/trade/8738519 -- 1.00

http://www.tf2outpost.com/trade/12173013 -- 1.00 sold within the past month

http://www.tf2outpost.com/trade/18290895 -- 0.66 (sold within past 3 days, no idea how many he initially had)

http://www.tf2outpost.com/trade/18254873 -- 1.00 (sold out withing 4 days, had 16)

---People Selling for more than 1.00 and less than 2.00:--- (a week ago when I looked, there were more in this intermediate range, can't find them now :( )

http://www.tf2outpost.com/trade/18352554 -- 1.33

---People selling at 2.00 or more:---

http://bazaar.tf/trade/674373 -- 2.00 per (only 1 left in bp)

http://www.tf2outpost.com/trade/15444100 -- 2.00 (ignoring his multiple trades all selling #42)

http://www.tf2outpost.com/trade/17003371 -- 2.00 (made within the last month, so more recent than current price, also look at the offers, 1.33, 1.66, 1.88 (quickbuyer at 0.44))

http://www.tf2outpost.com/trade/10628763 -- Currently at 2.00 (sold out within the past 6 days, maybe raised after sold out)

Clearly there's a large variation in price. None of the one-off sellers had a high price, most of the crate dealers have higher prices (me included). Given The number of people wiling to sell at 1.00, but also the decent number of sales at 1.66-2.33 ref per, I've put the range to 1-1.66.

Let me know if anything seems astray or whatnot.