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Seems like a good starting point, not the most wanted item but some are willing to pay more than a craft hat.
SELLING/SOLD/OFFERS
http://www.tf2outpost.com/trade/10915550 (would sell at 2 ref)
http://www.tf2outpost.com/trade/11037130 (buying 2 ref)
http://www.tf2outpost.com/trade/11037812 (2 ref)
http://www.tf2outpost.com/trade/10964776 (2 ref)
http://www.tf2outpost.com/trade/11034547 (2 ref)
http://www.tf2outpost.com/trade/10985832 (SOLD 2 ref)
http://www.tf2outpost.com/trade/10997674 (SOLD 2 ref, he has one in his backpack but it is different level then the one in the trade)
http://www.tf2outpost.com/trade/11021630 (SOLD 2ref)
UNSOLD
http://www.tf2outpost.com/trade/11014089 (3 ref)
http://www.tf2outpost.com/trade/11014089 (3 ref)
http://www.tf2outpost.com/trade/11018456 (3 ref)
http://www.tf2outpost.com/trade/10981525 (3 ref)
http://www.tf2outpost.com/trade/11023091 (3 ref)
http://backpack.tf/classifieds/search/30028/6/0 (lots unsold at 2.5 ref and up)
Only one of your selling/sold/offers actually has an offer, the rest is unsold. Also, since there is no range for item yet, unsolds won't mean anything except that it should be less than 3 ref in this case
Yeah I basically put it there saying that it should be less than 3 ref. Also it seems like its a good starting point, Ill try to find more proof though.
Added more proof of it selling at 2 ref :)