Turns out a group of coders have been digging in the pc files and found that not only is "magic find" possibly influenced by map zone as well as player count, but that the relic does not influence orange drop chance. Multiple values were tried including the original 5% (1.05% chance), 500% (6% chance), and 10000% (101% chance).
This means a couple of possibilities.
1. The Relic is broken.
2. The Relic is deliberately fake and was designed to draw in preorders. (I don't believe this since the other Pre-order bonuses work)
3. The Relic is very specific, and only applies to blue (called RARE in-game) such as the description says.
http://www.cheatengine.org/forum/viewtopic.php?t=557381&postdays=0&postorder=asc&start=345&sid=eea9f027b2a1d92debf0d2eb625b889d
The most relevant post is a about halfway down. Throughout the other 30 or so pages others have tried as well so if you want more proof you'll have to swift through it
This means a couple of possibilities.
1. The Relic is broken.
2. The Relic is deliberately fake and was designed to draw in preorders. (I don't believe this since the other Pre-order bonuses work)
3. The Relic is very specific, and only applies to blue (called RARE in-game) such as the description says.
http://www.cheatengine.org/forum/viewtopic.php?t=557381&postdays=0&postorder=asc&start=345&sid=eea9f027b2a1d92debf0d2eb625b889d
The most relevant post is a about halfway down. Throughout the other 30 or so pages others have tried as well so if you want more proof you'll have to swift through it