In need of an update. Several past suggestions have failed for a lack of proper proof. I own the hat which I recon will make things more difficult but this hat needs an update eventually so I tried to be conservative in the valuation even though I saw no recent sales below 1.5.

Let me summarize the proof I could find from my own trade an others and you can make up your own mind:

http://www.tf2outpost.com/trade/10928165 Nutz Beak (1.4-1.6 buds)

http://www.tf2outpost.com/trade/10928165 Bubbling MerryWeather painted Green + Shred alert (~24 keys + 2 keys = 1.08 buds)

http://www.tf2outpost.com/trade/11486361 (29 Keys + a White Ebenezer = ~ 1.41 buds)

http://backpack.tf/vote/id/51b2b587ba25360c17000004 (proclaimed he had bought one for 1.5)

Also its interesting to note that the original submission was full of 30 key+ offers and just got watered down due to the key price change.