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Proof below. None on the market.
This is an increase from the originally suggested price from previous suggestion 6 months ago.
Sales:
http://www.tf2outpost.com/trade/13120060
-b/o of 5 buds, old trade
-sold for 4 buds 3 months ago
-notable offers within 3 months:
supposedly had another offer of 4 buds
c9 crocleather=4 then
rejected 66 keys=3 then
rejected 3 buds+5 keys=3.2 then
http://www.tf2outpost.com/trade/13067331
-b/o of 5 buds, 3 months old
-chapeau+3 buds bought duped pe chapeau: http://www.tf2outpost.com/trade/13308430
-4 buds then
-no notable offers
http://www.tf2outpost.com/trade/13446379
-wanted 'quick' 4 buds, sold in more than a week, 3 months old
-seems to have sold for this smoking tc: http://www.tf2outpost.com/trade/13734829 =4.1, higher than what he wanted so this sale is 4 buds, also seeing as many would have taken 4 pure immediately
-notable offers:
4 buds, bought another one
3 buds+5 keys (offered above)=3.2 too low
3.5 buds
nnb muffs+stormy fez=3.5 then
http://www.tf2outpost.com/trade/13823209
-wanted 4 buds, 3 months old
-seems to have sold for pe noir+sf knife: http://www.tf2outpost.com/trade/14000323
-~3.4 buds
http://www.tf2outpost.com/trade/14020604
-probably wanted 4 buds, 2 months old
-chapeau+3 buds bought pe chapeau: http://www.tf2outpost.com/trade/14305015
-buyer's bp:
http://backpack.tf/id/76561198045126277?time=1378710000
http://backpack.tf/id/76561198045126277?time=1378796400
-4 buds
http://www.tf2outpost.com/trade/14308430
-2 months old
-notable offers:
spectral max (seller valued it at 3)+11 keys=3.5
-seems to have sold for blizz stash+1 bud: http://www.tf2outpost.com/trade/14414665
-3.3 buds
No current trades.
Low and high ends from sales, offers within the range support this. Slightly old proof but still valid, this isn't a very common hat. Unusual overpay and original prices used.