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Seems to be enough sellers at 1.33 to warrant the price drop.
I bought mine at 1 with almost no argument from the owner, I agree.
Had unboxed roughly 6 of these around a week and a half ago, it was nigh-impossible to sell for 1.66, I sold most of them for 1 refined, and some for 1.33 or a craft hat, so this price change seems correct.