[Proof below] This 5 month old price needs an update, the demand for this hat isnt very high with many many unsolds that got for a while at 1.66refs (a few even 1.33refs) many without any decent offers. This has now just become a regular craftable hat, without much demand.

Decent Offers (if any)

http://www.tf2outpost.com/trade/9051172 (1.33 refs, 3 weeks)

http://www.tf2outpost.com/trade/9404560 (1.33 refs, 1 week) <- rejected cuz "i might as well sell to scrap.tf"

Unsold: (mostly without any offers)

[url]http://www.tf2outpost.com/trade/9540688[/url] (1.33 refs, 2 days)

http://www.tf2outpost.com/trade/9394455 (1.66 refs, 1 week)

http://www.tf2outpost.com/trade/8652424 (1.66 refs, 1 month)

http://www.tf2outpost.com/trade/9489901 (1.66 refs, 4 days)

http://www.tf2outpost.com/trade/9534078 (1.66 refs, 3 days)

http://www.tf2outpost.com/trade/9601884 (1.66 refs, 1 day)

http://www.tf2outpost.com/trade/9115103 (1.66 refs, 2 weeks)

http://www.tf2outpost.com/trade/9589344 (1.66 refs, 1 day)

http://www.tf2outpost.com/trade/9560760 (1.66 refs, 2 days)

http://www.tf2outpost.com/trade/9407327 (1.66 refs, 1 week)

http://www.tf2outpost.com/trade/9586850 (1.66 refs, 1 day)

[url]http://www.tf2outpost.com/trade/8948450[/url] (lower backpack tf price, 1.33, 3 weeks)

http://www.tf2outpost.com/trade/9533694 (1.66 refs, 3 days)

[url]http://www.tf2outpost.com/trade/9596280[/url] (1.33 refs, less than a day)

http://www.tf2outpost.com/trade/9431666 (1.66 refs, 1 week)

http://www.tf2outpost.com/trade/9570699 (1.66 refs, 1 day)

http://www.tf2outpost.com/trade/9502548 (1.66, 4 days)

http://www.tf2outpost.com/trade/9134614 (1.66 refs, 2 weeks)

http://www.tf2outpost.com/trade/9497674 (1.66 refs, 2 days)

Feel free to post counter arguments as i might be wrong about this :)