Hat needs a drop. 6.8-7.8 is ridiculous for this hat.

http://www.tf2outpost.com/trade/9673393 - Selling for 6 pure for a while. Nothing. Granted, it's duped, but no one is biting.

http://www.tf2outpost.com/trade/10060373 - Look for Rov Bill's Comment at the bottom. Selling his for 6 pure, painted Chromatic Corruption, and I rejected. Granted, it is on my trade, but I didn't take it, and he doesn't seem to have any takers either.

http://www.tf2outpost.com/trade/10052357 - Asked for 6 pure. Trade is closed (he remade it), but is still willing to take 6. No takers. Granted again, I said I was interested, but I did not buy it for 6 pure.

http://www.tf2outpost.com/trade/8242604 - Recent Offers were Lantern Honcho (4.7-6, not factoring in Unusual Overpay), Searing Soldier Slope Scopes (6.2-7.2, again, not factoring in Unusual Overpay. This price is a bit outdated though, the hat itself is dropping). Other offer was Blizz KE + White Bills or Blizz KE + NnB Front Runner (again around 6-7 pure)

http://www.tf2outpost.com/trade/10107296 - Misty Skull Private Eye (No price set, but is considering a Smoking TC + Planets Juju. Total worth in Unusuals: 5.8-6.6 (outdated price for sure) + 1.9-2.3 makes it about 8 pure in Unusuals, which might be slightly out of my range even with Unusual Overpay (~10% or so), but then again, the Smoking TC price is outdated and needs to be dropped for sure.

http://www.tf2outpost.com/trade/8769951 - Lantern Stash Offer (6.4-7.4, not factoring in Unusual Overpay). PE HWNN + 1 Bud (5.4-7 is suggested on hat, but the range is pretty big, probably worth ~6 but again, not factoring in Unusual overpay).

http://www.tf2outpost.com/trade/9515339 - Misty Skull Fruit Shoot (6.3-7.6 buds, not counting Unusual Overpay), Cauldron Bubbles Company Man (6.4-7.1 buds, not counting Unusual Overpay).

Pretty safe to say that the current price is a bit high. Now for the sold ones:

I recently sold mine for 6.75 pure after a while. Screenshot proof will be uploaded if needed.

http://www.tf2outpost.com/trade/9944147 - Sold for 6 pure + 4 keys + Last Breath + #16 Wreath ~ 6.5-ish pure.

Overall, the current price of 6.8-7.8 is definitely not correct. I believe a value of 6-6.8 is about right, as people have B/Os of 6 pure which technically *should* be easy to sell at, but arn't being reached yet, even with a few days on the Market.