For clarification, my rationale for including 5.44 (1 Key) in the range is mainly the first and third offers here: http://www.tf2outpost.com/trade/11710753 : Within the past week, at least two people have been at some point willing to pay 1 Key for the Bonnet.

SELLERS (Out of three pages of sellers):

1 Key, unsold:

http://www.tf2outpost.com/trade/11178710

http://www.tf2outpost.com/trade/11890119 (I honestly don't know what this guy's on about but I'm pretty sure he's saying that he'll sell it for a key.)

http://www.tf2outpost.com/trade/11859154 "Anything above a key": vague, although I take it as accepting as little as a key.

http://www.tf2outpost.com/trade/11779986

http://www.tf2outpost.com/trade/11794256

http://www.tf2outpost.com/trade/11857162

5 Refined, unsold:

http://www.tf2outpost.com/trade/11869650

http://www.tf2outpost.com/trade/11710753 Although he [was] getting adds with keys, this guy is apparently rejecting them. He may strictly want metal.

4 Refined, unsold:

http://www.tf2outpost.com/trade/11869985

BUYERS (less than half a page, only four of which are paying metal; of those four, one is paying a single refined for all Genuines, another is seeking a specific level, and another is soon to be auto-closed for lack of bumping):

3 Refined:

http://www.tf2outpost.com/trade/9026764

5 Refined:

http://www.tf2outpost.com/trade/11619689 - Old- Three confirmed adds within three days.