Suggestion: Refined Metal at $0.05

Yeah thats what im thinking, buy orders at 0.06, sellers at 0.07. Pretty sure it should stay the price it is or even move up to 0.07. Shouldn't need a drop at all imo. I'm pretty sure that marketplace.tf doesn't take tax on things below 0.10.

To all those commentators who don't understand... bp.tf price does not change SCM/Mann Co store's prices for keys...

It would be ok to make it 0.05$ for refineds, cause(0.05x38=1.9$ →sellers) and then it would be correctly displayed price on bp.tf

Finally!

I've sold ~350 keys @ $1.78-1.83 each recently. Link to my thread -> https://forums.backpack.tf/index.php?/topic/64741-selling-keys-through-paypal-18-each/&tab=comments#comment-593456

Recent sales on OPSkins supports the drop -> https://opskins.com/?loc=shop_view_item&item=334958300

A week passed and keys are "stable" with the highest bot seller at 38 ref and the lowest bot seller at also 38 ref.

On marketplace.tf, the median prices for the last two days were 1.95$ and 1.96$

I did some typos on my suggestion but nothing severe, apparently bp.tf rounded my 0.045$ to the next 0.01$. This might me a bit of problem as the value of refined continues to drop (thanks volvo) and we need more accurate values e.g. here 0.04*38=1.52$ , 0.05*38=1.9 a whooping 38 cents difference.

You dont understand. Keys are selling at about 1.80-1.90$, and since 1 key is about 38 ref this would be the correct price for each refined to make the bp.tf equation correct. The price of refined is already at 0.05, its just wrong "on paper".

But from the mannco store keys are a fixed price, $2.50, this means the price of refined should be equivelent to $2.50 divided by the amount of ref in a key. Currently keys are around 38 ref, by doing the math the price of ref should be 0.065 which it is no change is needed. By doing the change the amount of ref in a key will need to go up to substitute price drops, this will make low tier trading slightly more difficult and if this isn’t done, then the value of every item priced by keys will go down in $0.015 in value per key.

Many TF2 items are sold at prices lower than their Mann Co Store price (ex. weapons aren’t sold for $1, they are 1/2 a scrap). On Marketplace.tf keys are being sold for $1.92-1.95 (-10% fee would be 1.73-1.75), this equates to ~$0.05

However this is the only way to get new keys, other methods include getting them from someone else. These people probably got them from some else. Through the trading and buying of keys from other people keys only shift in ownership as originally they had to come from somewhere and the only supplier sell them at the solid and non fluctuating price of 2.50. This is the only way to get a key into circulation. As getting it from other people may be cheaper remember that the supplier of those keys always sell them a that price. If every key was just gone from a backpack, the only way to get them back would be to purchase them. Almost all the other products from the Mann co store can be acquired through other means such as uncrates and crafting however keys can’t be crafted nor found in a crate.

I agree.

The marketplace.tf price for keys is lower as people are trying to cash out to real funds, as this is not possible directly through steam they have to undercut the current, stable price of keys on the Mann Co store. Keys are priced according at the Steam Community Markets USD price on backpack.tf. Can't use a third party website to value refined based on the third parties value for keys, when this website uses the SCM prices!

When you are trading you are trading with other users, not with the mann co store. Your objection doesnt stand at all, this site evaluates user-to-user exchanges; if stuff was priced off of the store many items would have way higher prices. Just check uncraftable weapons and cosmetics, its a matter of demand and supply within the community.

Exactly. Even though the Mann Co Store is the only way to create keys, people may find have less demand for keys than the 2.49 price calls for. Uncraftables are bought for way more money than they are when sold due to lower demand and higher price in terms of the community.

I agree with this, keys prices have been skyrocketting for the past few months

Still on marketplace it's being sold for about $0.07 every day, which sorta counters this I guess?

On 19/07/2017 at 3:44PM, Teeny Tiny Cat said : "

You're missing the point. We are not aiming to display the price refined sells for in cash here. We are aiming to accurately display the intrinsic value from which all USD values on the site can be taken.

Yes the ideal would be to price keys in cash and be done with it. That is not an easy fix, it's an entire re-write of the site, and not something we are able to do at present. "

Literally took me half a minute to scroll down a thread and read this, why couldn't you have done the same ?

Keys now selling for 36.77 refined. https://backpack.tf/stats/Unique/Mann%20Co.%20Supply%20Crate%20Key/Tradable/Craftable

They seem to be dropping now, should probably wait for the price to stabilise

Lowest bot seller at 36.66

1.70/36.66= 0.046

2.00/36.66 = 0.054

Both these values will get automatically rounded to 0.05$ by the website.

Right, just something to keep an eye on, as it could potentially drop further

Man! People selling keys for 26-28 and I don't think so that is a good idea!

i would have to disagree, simply because keys are not worth 38 refined at the moment, in fact they have dipped to 36.66~ish which would make this suggestion irrelevant.

temporary drop, they will get higher with time

That means absolutely nothing. Obviously keys will continue to rise, as the demand of refined goes down and the supply goes up simultaneously. The entire point of a suggestion is to be accurate to what they are currently being sold for, which is around 36.55-36.66 refined.

If only your mouse had a scrolling wheel, you'd see that this was already remarked, what a shame I have to copy/paste now.

Keys at 36.66

1.70$/36.66= 0.046$

2.00$/36.66 = 0.054$

Both these values will get automatically rounded to 0.05$ by the website.

Really wish they would add a price for ref in euros next to the dollar but whatever :3

if i would take a key for 36,66 ref (with the current price range)

i would get 2,1/36,66 = around 0,58 euro cents

with a currency exchanger and getting that value to dollar i would say this makes more sense than its current price

So an + from me

The price of keys just dropped to 36.66-36.77 maybe this suggestion should be closed now..

If only your mouse had a scrolling wheel, you'd see that this was already remarked, what a shame I have to copy/paste now.

Keys at 36.66

1.70$/36.66= 0.046$

2.00$/36.66 = 0.054$

Both these values will get automatically rounded to 0.05$ by the website.

Keys dropped again. I don't think this price suggestion could really work.

If only your mouse had a scrolling wheel, you'd see that this was already remarked, what a shame I have to copy/paste now.

Keys at 36.66

1.70$/36.66= 0.046$

2.00$/36.66 = 0.054$

Both these values will get automatically rounded to 0.05$ by the website.

You know you could just say it was remarked

If people are buying and selling for less than the determined value, why would you inflate the currency to readjust the value instead of lowering the value of the item itself?

The price of all items is derived from the value of refined, not keys. So making a suggestion for keys relative to USD would leave all other items in TF2 inflated. That's why this thread was created - https://forums.backpack.tf/index.php?/topic/61165-refined-suggestions-and-site-usd-values/

A lot of these people are selling in bulk for cheaper to get trades. I think more individual cases of this pricing of refined would make your argument for lowering the price of refined stronger. Just because people buy/sell below the price does not necessarily mean the price is lower, although I'm not arguing that such a scenario is the case. I can see why it takes months to get any progress changing the price of refined.

rip economy

ive never been for ref dropping, but now that i dont trade anymore i can see that this desperatly needs to happen