This hat is not cool and his effect is not very special, and this hat with this effect make it worst then the real one. No one is offering more than 17 keys for this hat.

Proofs:

http://www.tf2outpost.com/trade/11570498 (unsold in 2 months)

Offers :

bubbling tricorn (3 sold for 16 keys in other trades)

16 keys

9 keys + 32,33 refs + high five taunt ( 2 months ago)

Nuts and bolt tavish crown + g. cape + g. cowl (all around 17 keys)

B.M.O.C

15 pure keys

http://www.tf2outpost.com/trade/14052392 (selling it for 4 days)´

best and only offer : 14 keys

http://www.tf2outpost.com/trade/13834398

offers:

only 1 offer for sultan and it's a B.M.O.C

http://www.tf2outpost.com/trade/13238056 (selling it for 1 month)

offers:

2 ts bills + sweets ( 1 month ago)

Smoking sultan's (14-16 keys) + sweets

15 pure keys

B.M.O.C

http://www.tf2outpost.com/trade/14133196 (1 day)

trade with no offers

http://www.tf2outpost.com/trade/12151628 (closed trade) tried to sell it for 2 months without no sucess

This hat definitly need a price change