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Though the sales of this item has been slow on OP, 5 ref seems to be a legit low range here. Lots of highballers of 2 keys (though there are one or 2 offers of 2 keys too). More suitable if high range remains at 5.33 as a lot more still unsold at 2 keys 5.33 and above. Proof in comments.
Selling for 5 ref:
http://www.tf2outpost.com/trade/8270850
http://www.tf2outpost.com/trade/8091328
http://www.tf2outpost.com/trade/7950548
http://www.tf2outpost.com/trade/7835110
Selling for 1 key 1.66 ref/ 5.11 ref:
http://www.tf2outpost.com/trade/8195355
Selling for 5.33 ref:
http://www.tf2outpost.com/trade/7612016
http://www.tf2outpost.com/trade/8191947 (1 key 1.88 ref)
Selling for 5.44 ref:
http://www.tf2outpost.com/trade/8243265
Unsold for 2 keys:
http://www.tf2outpost.com/trade/8191558
http://www.tf2outpost.com/trade/8089580
http://www.tf2outpost.com/trade/8032853
http://www.tf2outpost.com/trade/8157451
http://www.tf2outpost.com/trade/6915617 (2 keys 1 ref)
Being offered 5 ref:
http://www.tf2outpost.com/trade/6905027
Being offered 5.11 ref:
http://www.tf2outpost.com/trade/7026629
Being offered 5.33 ref:
http://www.tf2outpost.com/trade/2456700
Being offered 2 keys:
http://www.tf2outpost.com/trade/8052130 (selling for 5 ref: one guy offered 2 keys, another offered a strange manterads)
http://www.tf2outpost.com/trade/7972701 (being offered a gen. moral fibre mask, approx. 2.5 keys)
None of the ones selling for 5 have actually sold it, and 3 of them are a week old or older.
All the trades that have been offered 5 ref or more have been up for at least a month, and the trades haven't actually gone through.
The 2 key offers haven't gone through either.
I'm not seeing enough successful sales to support raising the bottom range. G items are slow sellers, but having to wait a month to get a 5 ref offer shows it's not worth being put as the bottom range.
I have to admit that I couldn't find any of these trades that actually sold at 5 ref. but I too can't find any trades selling below that price and ppl who are offering below 5 ref gets rejected. But I think I'll close this one myself, seeing that I made this suggestion because I couldnt find anyone selling it for below 5 ref. Thanks anyway for responding to this first.