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http://www.tf2outpost.com/trade/6298851 - 2 ref sale in the past 4 days. Current range seems legit at the moment but may need a bump down in the future.
Found plenty of them with 1.66 ref B/O, some with 1.88 and the many with higher b/o which remains untouched. My conclusion is, that there are too many b/o below 2 ref and too few sales for 2 ref, so I upvote.
This doesn't really change much, and most people won't bother with .88-1ref differences, they'll just buy it for 2 ref if they want it, It is hard to sell at that price though as it isn't the best Medic misc, took me like 2 weeks for someone to be interested at my violet painted one at 2.44, So I don't know.
Obviously the fact it was painted was a factor, but still.
Eh. It's kinda negligible and the scrap hater in me would prefer prices kept rounded to the nearest reclaimed on most hats/misc... But, it's not wrong, and the community seems to like it. In you go.