How much are your CS:GO skins worth?
CSGO is known to give you an adrenaline rush through its fast-moving gameplay, deep strategy and its extensive range of weapon skins collection. But do you know that some of your CSGO skins might be worth a fortune?
In April 2020, Counter-Strike: Global Offensive (CS:GO) recorded more 1.30 million concurrent players on Steam, representing its highest peak since the game was released in 2012. This sharp growth in players is no doubt in part due to the coronavirus pandemic which spread across the world at the beginning of 2020. As people from all over the world are growing accustomed to remote working, this crisis has inadvertently created an opportunity to develop a new way towards managing their time for work and leisure at home. Meanwhile, new and existing CSGO players continue to clock more hours to battle it out for supremacy with the world of CSGO. Unsurprisingly, many individuals are interested in crafting their ideal in-game character with the ever growing collection of CSGO skins in order to amplify their prowess to win every CSGO match. These cosmetic virtual items could perhaps be one of the main highlights while playing CSGO these days as well.
Although CSGO skins do not offer any tactical advantage to the player, they are highly sought after by players for their uniqueness as no one skin is the same. For instance, the legendary AWP Dragon Lore skin can be categorised into Factory New to Battle-Scarred conditions, depending on the frequency of its usage. On top of that, each Battle-Scarred AWP Dragon Lore skin does go through different wear and tear processes, making their patterns distinct from one another. Because of that, CSGO skins have developed a viable game economy within the ecosystem over the years, as players realised that these CSGO skins could be valuable in the eyes of CSGO skins collectors and seasoned players of the game. Some of them set out on a journey to collect rare CSGO skins with float values so close to the maximum value instead of their pristine Factory New counterparts, since the former may be more valuable. Others are seeking to show off to their teammates and rivals with a spanking new look with rare CSGO skins that are high in demand.
Sell CS:GO Skins for real money instantly!
Steam Inventory Value
Many CSGO players today are unsure of how to identify the exact worth of their Steam inventory. There may be a chance where you may be holding a stash of rare CSGO skins that could be traded at a premium in the community market, or instant cashout at reputable third-party marketplaces like SkinCashier. To get the most out of your CSGO skins, let us delve into several factors which could determine their worth if you are looking to sell your CSGO skins in 2020.
The CSGO skin economy has matured over the years since the introduction of CSGO skins from the Arms Deal update back in 2013. Today, there are three key factors that players can examine to understand the price of CSGO skins.
1st Factor – Skin Float Values
All CSGO skins are subject to wear and tear, which adds an element of realism to the gaming experience. The amount of deterioration that is expected to occur as the CSGO skin ages is numerically assigned in the form of Skin Float Value (0.00 to 1.00). In total, CSGO skins are broken down into five deterioration levels, namely Factory New (0.00 to 0.47), Minimal Wear (0.07 to 0.15), Field-Tested (0.15 to 0.38), Well-Worn (0.38 to 0.45) and Battle-Scarred (0.45 to 1.00). Therefore, it is possible to determine a CSGO skin’s valuation by referring to its skin float value since they have a considerable impact on the skin’s price. Although the generous consensus agrees that skins with lower float values are priced higher in the marketplace, there are some players who do collect highly worn out skins due to its unique wear-and-tear patterns. Thus, it is important to check the float value before you decide to sell your CSGO skins in the marketplace.
2nd Factor – Skin Rarity
Another factor to look into is the rarity of the CSGO skin. Similar to float values, skin rarity is categorised into seven color-coded grades – from the most basic Consumer Grade (White), Industrial Grade (Light blue), Mil-Spec (Blue), Restricted (Purple), Classified (Pink), Covert (Red), Contraband (Orange), to the hyper rare Legendary (Gold) skins. With the exception of skins obtained from drops, most of the CSGO skins are acquired from cases which require a key (which costs $2.50) to unlock. To create a value in these CSGO skins, players do not get to choose what they will receive from these cases. Therefore, some players have turned to marketplaces to buy rare CSGO skins instead, since it will take a significant amount of effort, money and luck to build up one’s ideal CSGO skins collection. Additionally, a CSGO skin created for popular weapons such as AK-47 or AWP are more valuable than a skin for rarely used weapons.
3rd Factor – Skin special features
CSGO is a fair, yet competitive skill-based shooter game. If you’re not as skilled as your opponents, you may not be able to survive some pretty tough situations within the match. Even though CSGO skins are purely for aesthetic purposes, there are two unique skin features which may outplay your opponents in the game. They are called StatTrak skins and Souvenir skins.
You would have probably noticed by now that some weapons are attached with a LCD number display counter, which is known as StatTrak. Basically, they allow the player who owns a StatTrak skin to display his or her number of kills by the weapon. One interesting point to note is that the StatTrak counter will reset to zero if the StatTrak skin is detached or sold to another player. Records from the previous skin owner will be removed from the skin, eliminating any chances of the new skin owner from taking advantage of the past owner’s glory. Overall, CSGO skins with StatTrak features are highly valuable, when sold in the marketplace.
The other skin feature which can greatly boost the price of a CSGO skin is known as the Souvenir skin. These exclusive skins are redeemable from souvenir packages that are only dropped during special events such as Majors and other Valve-sponsored CSGO tournaments. More often than not, they are accompanied by a set of limited edition stickers which are pasted on these skins. The most expensive skin ever sold in CSGO history is probably the $61,000 AWP Dragon Lore souvenir skin with attached Boston Major 2018 stickers, as well as an affixed signature of Tyler ‘Skadoodle’ Latham. Many players who intend to sell their CSGO skins on marketplaces often apply valuable stickers onto skins in a bid to increase the valuation of the CSGO skin
How to sell your CSGO skins
Now that you have a better understanding of distinguishing the potential value of a CSGO skin, it will be necessary to explore several ways to sell your CSGO skins once you are ready. Contrary to popular belief, CSGO players are actually given an avenue to sell their CSGO skins for real money. There are a handful of reputable third-party CSGO skins marketplace which allows you to safely sell your rare skins in exchange for US dollars and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). In short, there are three methods for CSGO players to trade or sell CSGO skins for instant cashout or a higher-tiered skin .
Private Offers: One of the most direct ways is to sell CSGO skins to fellow players online. While this Peer-to-Peer approach may be risky, since a level of mutual trust is needed between the buyer and the seller, this method will work just fine if you have the negotiation skills required for such deals.
Steam Community Market: Another way to sell your CSGO skins is through the official Steam Community Market. The market is a great place to sell, but similar to private offers, you may encounter good buyers and bad ones, depending on your luck. Unfortunately, all earnings from your CSGO skin sale are non-withdrawable. Profits made through the Steam market will be directly deposited into your Steam Wallet, which you can only use to purchase other products within the market itself.
Third-Party Marketplaces: Alternatively, there are several external marketplaces that are created to help you sell CSGO skins. While you have to perform your due diligence and ensure that you do not end up in a scam site, reputable marketplaces like SkinCashier allows you to safely sell CSGO skins instantly and securely. Also, third-party marketplaces allow sellers to cashout instantly into their Paypal, Skrill and other payment accounts. Some marketplaces like SkinCashier even allow sellers to exchange their profits into cryptocurrencies.