people are trying to sell at 1.33 and people are trying to buy at 1 ref.

to split the difference in sellers favor 1.22.

people trying to sell:

http://bazaar.tf/trade/631480 1.33 ref

http://bazaar.tf/trade/636411 1.33 ref

http://www.tf2outpost.com/trade/17019874 1.33 ref

http://www.tf2outpost.com/trade/17024728 1.33 ref

http://www.tf2outpost.com/trade/17232381 1.33 ref

i found someone trying to sell for 2.55 ref, the trade is 3 months old and unsold.

http://www.tf2outpost.com/trade/15587923

people buying:

http://www.tf2outpost.com/trade/17240385 1 ref

http://www.tf2outpost.com/trade/16032798 1.11 ref

http://www.tf2outpost.com/trade/13570678 1 ref

http://www.tf2outpost.com/trade/16426426 1 ref

http://bazaar.tf/trade/517943 1 ref

people want to buy this along with other craft hats at 1 ref each, but people sell at 1.33, a fair price between those would be 1.165 ref, since that can't happen in ref and you round up from halfway points, 1.165 rounded up is 1.22