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Author Topic: SALES Thread  (Read 1045126 times)

Delta Foxtrot

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Re: SALES Thread
« Reply #10335 on: December 13, 2014, 05:29:48 pm »

What are these cards? Or gems? Badges? What the imsoconfused.
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i2amroy

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Re: SALES Thread
« Reply #10336 on: December 13, 2014, 05:36:03 pm »

After doing some more research into the gem thing apparently I screwed up by not turning my trading cards into badges before turning them into gems. Could've gotten more gems if I had done that first, but I didn't even know you could do anything with trading cards in the first place.
As I've pointed out a couple of times now, in almost all cases you are better off just selling your various cards and junk on the marketplace and using that extra steam cash to buy games directly. In most cases turning stuff into gems has a much lower value return rate than just selling it on the marketplace; it's mainly intended as a trap for people who go "ooh, shiny gems" without actually working their way through the math.

And for badges it really depends on how lucky you get and how many cards the badge takes. In most cases I've looked at the amounts you gained were basically the same or lower with the badge vs. just using the cards; it just meant that you also gained steam xp as well.

What are these cards? Or gems? Badges? What the imsoconfused.
Steam stuff. Basically when you buy (many, but not all) games you get anywhere from 3-6 cards in your steam inventory as you play the game. If you collect all of them you can craft badges, which are shiny things on your profile (and give you some snazzy backgrounds and emoticons). Additionally once you have collected all of your free drops for a game you get a chance to get a booster pack every time somebody else in the world crafts a badge for that game, which is modified by your steam level. You can additionally sell the cards and other stuff directly on the steam marketplace if you don't want to craft badges, cards, background, and other stuff can generally go for anywhere from $.04 each all of the way up to a couple of dollars, which is then automatically deposited into your steam wallet. Steam recently started a "convert your junk into gems" thing, the gems which can then be used to bid on a small handful of games worldwide or converted into card booster packs (though as I pointed out the ratio is generally worse then just selling and buying new stuff directly through the marketplace).
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Delta Foxtrot

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Re: SALES Thread
« Reply #10337 on: December 13, 2014, 05:42:22 pm »

So that's those annoying green envelopes I've been getting. I should probably get around to selling them one of these days I suppose.

Seems awfully silly if you ask me.
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Graknorke

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Re: SALES Thread
« Reply #10338 on: December 13, 2014, 05:55:03 pm »

So that's those annoying green envelopes I've been getting. I should probably get around to selling them one of these days I suppose.

Seems awfully silly if you ask me.
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Spehss _

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Re: SALES Thread
« Reply #10339 on: December 13, 2014, 09:05:17 pm »

Eh. The average trading card seems to be going for about .08 dollars USD at the moment. I would've gotten only a couple bucks from all of my cards.
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mattie2009

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Re: SALES Thread
« Reply #10340 on: December 13, 2014, 09:54:24 pm »

Gem bags have picked back up on the market, but at a much higher price point than before the nuking.

Get 'em while they're not as dupliciously deceptive (and now devoid of duping), kids. Or don't, that's fine too.


Or sell your own gems to shore up those dosh reserves for the christmas sale (which starts at the same time as the first auction period).
« Last Edit: December 13, 2014, 10:51:07 pm by mattie2009 »
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Biowraith

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Re: SALES Thread
« Reply #10341 on: December 14, 2014, 03:58:26 am »

I ran some rough numbers on the games I have with trading cards and the cost of boosters for those games in gems. 

I can get roughly 1p per ~20 gems spent if I craft the most profitable boosters (which for me are Worlds of Magic, Long Live the Queen, and Path of Exile), not counting the possibility of foils.

Looking at the market for sacks of gems, 1000 gems goes for ~38p, which equates to roughly 1p per 26 gems sold/bought. 

So I don't think I'll be selling any of my gems just now.  Or converting items that can be sold intact for more than 1p (after Valve's cut) per 20 gems when converted.

Meanwhile for a number of the games in auction (maybe most of them?), people are spending more via gems than if they just bought the game outright.  e.g. This War of Mine has 60,500 gems bid.  It'd cost ~23 to buy that many gems on the market, or you could (gradually) convert those gems to ~30 via boosters.  The game costs 15 to buy outside of sales.

(Note: it's possible I got the maths all wrong somewhere in there)
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umiman

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Re: SALES Thread
« Reply #10342 on: December 14, 2014, 04:44:40 am »

I sold all my cards for about $10. Herp derp.

Edit: It's kinda funny looking at my email ticker go crazy from all the trading card sales. Also nice to have a neat inventory again. Too bad I can't withdraw this Steam cash for real money.

Mailo

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Re: SALES Thread
« Reply #10343 on: December 14, 2014, 05:17:08 am »

I just checked the bid on Borderlands - The Pre-Sequel. Currently 127800 gems, at a price of 50 cents per 1000 gems, comes out to 63.9. Price in the store is 49.99.

In other news, the highest bid on the holiday profile is currently 1045000 gems ... or 522.5. WTF???

Quote
2014 Holiday Profile
Celebrate the season in style with this decorative holiday profile! Your heart may just grow 3 sizes as you are bathed in Holiday cheer!

Grants a gold effect to avatar and persona name.

Winners of this item can enable or disable the 2014 Holiday Profile by selecting the item in their Steam Inventory and selecting the Enable or Disable action. This item is not tradable nor can it be listed on the Steam Community Market.

This item is good for a limited time and will expire Jan 16th, 2015.

Over 500 euros for a decorative item that exists only one month?
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umiman

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Re: SALES Thread
« Reply #10344 on: December 14, 2014, 05:55:27 am »

Yeah... it's kinda weird. I think the people bidding on it don't realize the effect is time limited.

BurnedToast

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Re: SALES Thread
« Reply #10345 on: December 14, 2014, 06:20:13 am »

I just checked the bid on Borderlands - The Pre-Sequel. Currently 127800 gems, at a price of 50 cents per 1000 gems, comes out to 63.9. Price in the store is 49.99.

In other news, the highest bid on the holiday profile is currently 1045000 gems ... or 522.5. WTF???

Quote
2014 Holiday Profile
Celebrate the season in style with this decorative holiday profile! Your heart may just grow 3 sizes as you are bathed in Holiday cheer!

Grants a gold effect to avatar and persona name.

Winners of this item can enable or disable the 2014 Holiday Profile by selecting the item in their Steam Inventory and selecting the Enable or Disable action. This item is not tradable nor can it be listed on the Steam Community Market.

This item is good for a limited time and will expire Jan 16th, 2015.

Over 500 euros for a decorative item that exists only one month?

People are incredibly irrational when it comes to auctions. That things are priced in gems, not dollars makes it even worse (Pricing things in alternate currencies or "points" makes people much more likely to impulse buy without considering the cost).

Here's a link to some research by some economists. They studied some ebay auctions, and for one particular item, well...

Quote
"We found that in 43% of the auctions the bidders ended up paying more than the 'buy it now' price," Malmendier says.

so yeah, I doubt many people are going to get a good deal from the auction and I'm staying away from it completely.
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Darkmere

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Re: SALES Thread
« Reply #10346 on: December 14, 2014, 11:20:53 am »

I'm glad someone else worked through it. I did the same maths about rough price per gem and the bids being more expensive than just buying. I thought I'd done something wrong somewhere, but people just really are so stupid they will overpay just to be the winner of a non-competition.
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jhxmt

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Re: SALES Thread
« Reply #10347 on: December 14, 2014, 01:14:34 pm »

I'm glad someone else worked through it. I did the same maths about rough price per gem and the bids being more expensive than just buying. I thought I'd done something wrong somewhere, but people just really are so stupid they will overpay just to be the winner of a non-competition.

It's even more pronounced when you realise that people's desire to turn trading cards into badges to get more gems will (inevitably) be pushing up demand for trading cards on the marketplace - thus making direct card sales even more efficient.

Assuming not everybody's entirely 100% rational all of the time, of course - and BurnedToast's post above provides some excellent evidence that they're not.
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umiman

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Re: SALES Thread
« Reply #10348 on: December 14, 2014, 01:29:32 pm »

Somewhat amused to see people learning about economics here.

I'm now at $15 in trading card sales and apparently have 45 more listings on the market. Woop. Funny how 4 pages of trading cards can turn out this much.

Sappho

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Re: SALES Thread
« Reply #10349 on: December 14, 2014, 01:50:25 pm »

So is it a good idea to put up all my excess cards for sale right now at a price a few cents higher than the current sales are happening at, and figure the prices will rise until I get my listed price? Or should I wait until the prices go up more and sell them when I see how high they will get?

I tried to study economics way back in high school and it did not go well. Any spoon feeding of recommendations is appreciated. : )

EDIT: Also, I know someone else mentioned this already, but... should we resurrect the steam trading cards thread? Or maybe create a new thread for this? I feel bad taking over the sales thread like this.
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