Price Suggestion
Refined Metal
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~$0.03
Unique Refined Metal
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234 votes down
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This suggestion was accepted by Vijf Kilo Boter (met voetjes).

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Comments

Countering at $0.02-0.03 given comments on current $0.02 suggestion, precedent from a previous ref suggestion: https://backpack.tf/suggestion/5ff4f91df0cb933da6765c5a


Credits to Offline for these sales: https://backpack.tf/suggestion/61ad133772fcaa5eaf7e1b43


Key price recently accepted at 66.77-66.88: https://backpack.tf/suggestion/61aa1cd9296592611b294294

BUT keys seem to be floating around 67.33-67.44 at the moment, which I have suggested at: https://backpack.tf/suggestion/61b37acf9c53fd6eaa17d134,

this shouldn't affect values very much however.


Given keys currently at 67.385 ref, sales below $1.69 per key round to $0.02, and any higher sales round to $0.03


Sales from over a week ago:


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https://forums.backpack.tf/topic/78361-%F0%9F%90%B6-buying-keys-160-max-40-backpacks-more-via-cashapp-230-rep-no-paypal-bork/

https://backpack.tf/trust/76561198068732040

Buying keys for $1.60 - 170 keys in past week

Edit: Now 400 more keys

$1.60 / 66.83 refined = $0.024 per refined


https://forums.backpack.tf/topic/78488-buying-keys-for-16-paypal/

https://backpack.tf/trust/76561198306145097

Buying keys for $1.60 - 200 keys in past week

$1.60 / 66.83 refined = $0.024 per refined


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https://forums.backpack.tf/topic/76896-blazexth3rm4lx-is-buying-keys-for-162-usd-paypal/

https://backpack.tf/trust/76561198061108999

Buying keys for $1.62 - 100 keys in past week


https://forums.backpack.tf/topic/66758-wtb-buying-keys-for-162-usd-via-paypal400-rep/

https://backpack.tf/trust/76561198063345374

Buying keys for $1.62, none in past week but the key buying thread is active


Offline bought something like 900 keys for $1.62 each

https://gyazo.com/2e2e69c8501ee57cbeff39d490e6c216

https://gyazo.com/97ad6f03264cb7353114f0de2d009b43

https://gyazo.com/2ef21fcef6a23bd3b1ab5daf130f30b1

https://gyazo.com/276ea94b57196b4f69edc213dd6ff751

https://gyazo.com/daa533bcb5ea4653da09503af7873bd9


$1.62 / 66.83 refined = $0.024 per refined


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https://forums.backpack.tf/topic/68510-buying-keys-for-163-backpacks-via-paypal-400-rep/

https://backpack.tf/trust/76561198032176942

Buying keys for $1.63 - ~300 keys in past week


https://forums.backpack.tf/topic/76871-buying-keys-163-each-buying-special-keys-ref-tools-backpacks-paypal-100-trust/

https://backpack.tf/trust/76561198031258757

Buying keys for $1.63 - ~150 keys in past week


$1.63 / 66.83 refined = $0.024 per refined


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https://forums.backpack.tf/topic/78280-buying-keys-164-backpacks-quicksells-via-paypalwise-140-trusts/

https://backpack.tf/trust/76561198056793885

Buying keys for $1.64 - 1500+ keys in the past week

$1.64 / 66.83 refined = $0.024 per refined


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https://forums.backpack.tf/topic/66342-buying-keys-for-165-paypal/

https://backpack.tf/trust/76561197968633696

Buying keys for $1.65, none in past week but the key buying thread is active


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https://forums.backpack.tf/topic/79108-buying-tf2-keys-for-165-usd-usa-paypal-only/

https://backpack.tf/trust/76561198309612194

Buying keys for $1.65, none in past week but the key buying thread is active


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https://forums.backpack.tf/topic/78962-buying-tf2-keys-at-165-each/

https://backpack.tf/trust/76561198318065526

Buying keys for $1.65 - 200 keys in the past week


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https://forums.backpack.tf/topic/79822-buying-280-keys-via-paypal-for-165/

https://backpack.tf/trust/76561199104872642

Buying 280 keys for $1.65, 250 were bought and the thread has not been bumped since

$1.65 / 66.83 refined = $0.024 per refined


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https://forums.backpack.tf/topic/76949-selling-keys-for-zelle-no-fees-crypto-possibly-no-fees-venmo-no-fees-cash-app-no-fees-for-167-100%E2%80%99s-to-1000%E2%80%99s-in-stock-100000-keys-recent-rep-with-240-trust-no-paypal/

https://backpack.tf/trust/76561198120347528

Selling keys for $1.67 - Thousands sold in past week

$1.67 / 66.83 refined = $0.024 refined


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https://forums.backpack.tf/topic/79825-buying-200-keys-17-usd-each-via-paypal/

https://backpack.tf/trust/76561198022041905

Buying 200 keys for $1.70, the thread was made 12/2, a trade was conducted 12/2 (on the trust page), and the thread has since been closed.

Keys for $1.70 sold extremely fast, I will exclude this as an outlier.

$1.70 / 66.83 refined = $0.025 refined, which would round to 3 cents


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Cedarium:

Seller at 1.7 who sold out https://forums.backpack.tf/topic/47271-closed-rockets-keys-for-17-via-paypal

Not sure if there are any trusts you can find, but I purchased 200 from this user (if needed, could get proof)

1.7/66.83=$0.254


I've bought 600 at 1.7 and 100 at 1.68 in the last week or so, I just only put up a thread for 200 of them


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Boreal:

1000 keys bought yesterday a week ago for $1.677 each

Paypal proof: https://imgur.com/a/2sPbWs7

Steam trade: https://imgur.com/a/ycwrwwx

This would be 1.677/66.83 = $0.02509 per refined which would round to $0.03


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https://forums.backpack.tf/topic/75702-selling-2000-keys-166-1000-tour-of-duty-ticketsbackpack-expanders-083-400-multi-class-crates-215-paypalzellecashappvenmo/

https://backpack.tf/trust/76561198014404374

Selling keys for $1.66, 1700 in the past week


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https://forums.backpack.tf/topic/79304-buying-keys-165-backpacks-with-cash-via-paypal-no-rep-needed-6000-in-stock-%F0%9F%92%B2/

https://backpack.tf/trust/76561198030343929

Buying keys for $1.65, 200 in past week


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https://forums.backpack.tf/topic/78610-buying-keys-164-and-backpacks-with-paypal/

https://backpack.tf/trust/76561198056681334

Buying for $1.64, 550 bought


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https://forums.backpack.tf/topic/79108-buying-tf2-keys-for-164-usd-usa-paypal-only/

https://backpack.tf/trust/76561198309612194

Previously was buying for $1.65, now buying for $1.64, 50 keys recently on trust page


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https://forums.backpack.tf/topic/77764-%F0%9F%92%B8selling-keys-~-171%F0%9F%92%B2-buying-keys-for-cash%F0%9F%92%B2-%F0%9F%A4%9D-trusted-trader%E2%9C%85-152trust%F0%9F%A4%9Dpaypalbankukcoinbasecashapprevolut%F0%9F%92%B3negotiable%F0%9F%92%AC/

https://backpack.tf/trust/76561198086948995

Selling keys for $1.71, 2000 in stock, has some sales in trust page recently


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https://gyazo.com/89c4ef018e310644efd6b3ee3a51391c

https://gyazo.com/8d1a92225061efb0a3eb3ccb98be486d

https://gyazo.com/a00d7b10f29490ddfcceb1210560dbcb

130 keys for $1.64


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https://forums.backpack.tf/topic/79806-buying-279-keys-with-paypal-i-cover-all-fees-166/

https://backpack.tf/trust/76561198035332989

Bit on the older side, lot of success buying keys for $1.66


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Sales from this week (keys shift to 67.38 ref):


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https://forums.backpack.tf/topic/46678-buying-tf2-keys-162-paypal-any-amount-up-to-10000-keys-reliable-bulk-purchases/

https://backpack.tf/trust/76561198091502579

Buying keys for $1.62, 500 keys in past week

$1.62 / 67.39 refined = 0.024 cents


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https://forums.backpack.tf/topic/75702-selling-2000-keys-166-1000-tour-of-duty-ticketsbackpack-expanders-083-400-multi-class-crates-215-paypalzellecashappvenmo/

https://backpack.tf/trust/76561198014404374

I've posted this thread before, but more sales at $1.66 since I last posted it

$1.62 / 67.39 refined = 0.0246 cents


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https://forums.backpack.tf/topic/78666-selling-keys-167-usd-paypalcashapp/

https://backpack.tf/trust/76561198167002874

Selling keys for $1.67, 700/1600 in past week

$1.67 / 67.39 refined = 0.024 cents


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https://forums.backpack.tf/topic/79835-looking-to-buy-150-keys-via-paypal-164-usd/

https://backpack.tf/trust/76561198116801784

Bought 150/180 keys for $1.64

$1.64 / 67.39 refined = 0.0243 cents


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https://forums.backpack.tf/topic/76871-buying-keys-160-each-buying-special-keys-ref-tools-backpacks-paypal-100-trust/

https://backpack.tf/trust/76561198031258757

I've also posted this thread before, but more buys at $1.60 since I last posted it

$1.64 / 67.39 refined = 0.0237 cents


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https://forums.backpack.tf/topic/66342-buying-keys-for-165-paypal/

https://backpack.tf/trust/76561197968633696

Buying keys for $1.65, 1000 bought in past week

$1.65 / 67.39 refined = 0.0245 cents


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https://forums.backpack.tf/topic/68510-buying-keys-for-157-backpacks-via-paypal-400-rep/

https://backpack.tf/trust/76561198032176942

https://gyazo.com/2179d670614fa071c213dbf1baae834b

https://gyazo.com/f2ea55f9b8b4756ed8b378ba9ec3800a

Changed price to $1.57 23 hours ago (from a day ago), has two trust noting sold keys within that time period


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https://forums.backpack.tf/topic/78666-selling-keys-165-usd-paypalcashapp/

https://backpack.tf/trust/76561198167002874

Selling keys for $1.65, 938 in stock at time of writing

Edit: dropped price to $1.63 now, seems ~800-1000 keys sold under this new price


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https://forums.backpack.tf/topic/75702-selling-2000-keys-163-1000-tour-of-duty-ticketsbackpack-expanders-083-400-multi-class-crates-215-paypalzellecashappvenmo/

https://backpack.tf/trust/76561198014404374

https://gyazo.com/a3123dc30710119328d71fe62331a4e4

Changed selling price to $1.63, their selling price was previous at $1.66 the three times it was mentioned in this suggestion

Edit: at least 73 and or 1500 bought since this was posted


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https://forums.backpack.tf/topic/78280-buying-keys-158-backpacks-quicksells-via-paypalwise-140-trusts/

https://backpack.tf/trust/76561198056793885

Key buying price dropped from $1.64 to $1.58 from the last time it was mentioned in this suggestion


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https://forums.backpack.tf/topic/66342-buying-keys-for-160-paypal/

https://backpack.tf/trust/76561197968633696

Key buying price dropped from $1.63 to $1.60 from the last time it was mentioned in this suggestion


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https://forums.backpack.tf/topic/79863-buying-keys-with-160-per-key-through-paypal/

https://backpack.tf/trust/76561198139171368

https://gyazo.com/257fb4d03250cf2df15347368ba1826f

Buying keys for $1.60, thread posted 18 hours ago and there is a trust stating 300 keys were sold 17 hours ago

Edit: 1500 new keys sold


$1.57 / 67.39 refined = $0.023 per refined

$1.65 / 67.39 refined = $0.024 per refined


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Further evidence for dropping:


The following threads have been posted in here already, but have since dropped their key buying price:


https://forums.backpack.tf/topic/66342-buying-keys-for-163-paypal/

https://forums.backpack.tf/topic/66758-wtb-buying-keys-for-157-usd-via-paypal400-rep/

https://forums.backpack.tf/topic/76871-buying-keys-155-each-buying-special-keys-ref-tools-backpacks-paypal-100-trust/

https://forums.backpack.tf/topic/76896-blazexth3rm4lx-is-buying-keys-for-156-usd-paypal/

https://forums.backpack.tf/topic/68510-buying-keys-for-157-backpacks-via-paypal-400-rep/


Also, I know using Marketplace as proof isn't concrete evidence in the context of a refined suggestion, but the price of keys dropping on Marketplace is also a telltale sign of refined being too high

https://marketplace.tf/items/tf2/5021;6

Keys at a 6 cent drop over the past few days


https://marketplace.tf/items/tf2/5002;6

Less sales of refined at 4 cents on Marketplace, already overpriced at 4 cents regardless but now less volume is being moved.


Proof of anything rounding to 3 cents is quickly being countered by lower sales and sellers - If there is proof of it, it's heavily outweighed by everything else.


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New sales:


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https://forums.backpack.tf/topic/46678-buying-tf2-keys-162-paypal-any-amount-up-to-10000-keys-reliable-bulk-purchases/

https://backpack.tf/trust/76561198091502579

240 bought at $1.62 in the past day


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https://forums.backpack.tf/topic/78962-buying-tf2-keys-at-165-each/

https://backpack.tf/trust/76561198318065526

180 bought at $1.65 in the past day


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https://forums.backpack.tf/topic/79822-buying-280-keys-via-paypal-for-165/

https://backpack.tf/trust/76561199104872642

200 keys at $1.65 in the past day


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Arguments for $0.02-0.03 range:


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Chaos Theory:


I'm honestly struggling to understand why you think $.02 is better than $.02-03.


A range of 2-3 cents would value keys at $1.67 with current key/refined ratios, which is right in line with your key sales.

2 cents flat would result in a key price of $1.34, which is nowhere near your key sales.


You can see a range in action here: https://backpack.tf/suggestion/5ff4f91df0cb933da6765c5a , where .03 was changed to .03-.04 even though basically all the sales would have rounded to .03. However, adding .04 to give a range of 3-4 cents, and giving an average of 3.5 cents, resulted in a more accurate price at the time than either 3 or 4 cents would. Easy.


So please, help me understand the issue with pricing refined at 2-3 cents. Refined would then be valued at 2.5 cents, resulting in a key price of $1.67, which is pretty much 100% in line with the sales you provided. But instead, you would honestly rather take 2 cents flat and have keys valued at $1.34, which is obviously much less accurate, as well as flatly contradicting your proof?


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[KRL] seVen:


While there is no evidence of sales rounding to 3 cents, i do think we need a range here.


The discrepancy between 0.024$ and 0.02$ scaled to entire backpacks to just too large.

You've collected sales at 0.023 to 0.025 $ and an average of 2.5 ct would be much more representitive than 2 ct flat.

I've done the same in this accepted suggestion, so idk why it shouldn't be done this way again.


https://backpack.tf/suggestion/5ff4f91df0cb933da6765c5a


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Brown:


Boreal and Cedarium posted a 1000 key sale at $1.68 and 700 at $1.7, and there were thousands in sales at $1.67 the week this was suggested. Current sellers counter these sales in price but not volume. The minimum successful undercut to these is only by 2 cents per key, sales just yesterday https://forums.backpack.tf/topic/78666-selling-keys-165-usd-paypalcashapp/


Representing $1.65 - $1.7 gives an average over $0.025, rounding to $0.03, so there's actually no sense to not having a range here.


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TL;DR


An overwhelming number of sales here are under the $0.025 mark, hence rounding down to $0.02. Further increase in key metal price also supports this lower value.


However, as users above have argued, despite the majority of sales rounding down to $0.02, $0.03 should be included as a high end so that the price of ref is more representative of its actual selling price, which hovers around $0.023-0.025


Hence suggesting at $0.02-0.03 here.

    there's like 1000+ buy orders for 1.7-1.71 for each key on mp

      oh boy, I sure hope there is not another site which sells keys for 1.62$/each, oh wait mannco exists

        dont forget that mp has harsh fees. 1.7-1.71 is like 1.62 after their fees

          Mannco adds fees on top of the list price whereas MP's list prices include fees. I don't know Mannco's fee/commission structure off the top of my head, but you definitely have to pay more than the list prices.

      Oh boy I sure do love the value of my bp artificially deflating because backpack.tf changed the ref price.

        my VIRTUAL ITEMS are shown to be worth LESS on a rough pricing graph!! no!!!

        This price more accurately reflects the actual market. It's janky, but so is basing all prices on ref.


        Technically, it could be rounded down to 0.02, but using 0.02-0.03 is drastically closer in practice to the actual range of 0.023-0.025. Since the entire site's pricing structure relies on this single value, it's well worth getting it as accurate as possible, and this "range" puts it as close as you can practically get.

          But i don't wanna reduce the value of refs :(

            Leaving a similar comment on both suggestions here:


            This is a very rare case where the rounding forced upon the suggester by rule (or in this case by the amount of decimal places you can specify) causes an offset far larger than the general margin of error we consider acceptable. Normally we would have resorted to changing the precision to 3 decimal places, but as of now, that is not possible. I have requested the ability to do so, but since that is not quite there yet, we will have to do with makeshift solutions that provide us with the most accurate values.


            In this case, it is clear that the common trading point revolves around 2.5 cents, and the reason the other suggestion leans towards 2 cents flat is because according to conversions used, the sales would all round down. Only a very slight change in conversion would've resulted in that being 3 cents flat, and it is obvious that such a small difference should not warrant a 50% margin of error here (compared to the 3 cents it would be with a 'more favorable' conversion, or 25% compared to what it should realistically be), especially not if the range here only yields a ~5% margin of error (compared to the 0.024-0.025 this could or should probably have been, had we had the means to do so). Rounding should never be the reason the suggested value is so significantly out of bounce.


            Therefore I'm going to accept this suggestion here as its suggested value most closely resembles the value of refined at this time.