The last succesful price change for this hat was 4 months ago, and evidence on Outpost suggest that the current price is inaccurate. Please note that all unusual prices are according to this website.

http://www.tf2outpost.com/trade/8361840

One serious offer of 2 buds for this hat, as well as 1 bud plus a Stormy Storm Big Elfin Deal (1.1-1.5 buds), Stormy Storm Familiar Fez (1.9-2.1 buds) and 2 buds + 2011 festive weapon set (all nine of them totaling 20 keys).

http://www.tf2outpost.com/trade/8776056

The Stormy Storm Big Elfin Deal + bud offer appears here again, albeit with a few keys added in. The Stormy Storm Familiar Fez offer also appears on this link.

http://www.tf2outpost.com/trade/1768410

Going by the 2 month period between the hat retirement and now, offers are visible for a Circling Peace Sign Lord Cockswain's Pith Helmet (23-29 keys) + 1 bud,, totaling 1.8-2.1 buds and two offers of 2 buds pure.