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Still way too high. Resuggesting with polar's suggested range.
http://www.tf2outpost.com/trade/21312881
Rather young trade at 1.6 BudsPart of a 2:1 for a C9 Titanium Tower (Billycock is outdated)
http://www.tf2outpost.com/trade/21295025
Another young trade at 1.6Dropped price to 1.45, was traded (with possible sweets) for DBD Leadwear (unpriced)
http://www.tf2outpost.com/trade/21102428
1:1 with an Aces High Dead Cone (1-1.3 Buds, 1 Bud after overpay) -- Outlier
http://www.tf2outpost.com/trade/20469854
1:1 with a KaW Titanium Tyrolean (outdated price)
http://www.tf2outpost.com/trade/20402807
Offered on a Dead Presidents Jumper's Jeepcap (No price)
http://www.tf2outpost.com/trade/21389452
Sold for 1.3 in 8 days
http://www.tf2outpost.com/trade/20833949
Offered on (and sold for) Pro KS Australium Wrench
http://steamcommunity.com/market/listings/440/Strange%20Professional%20Killstreak%20Australium%20Wrench
Last one sold for 90$, which comes out to ~1.6 buds (30.8 Keys)
The same wrench was also sold for 30 Keys pure here: http://www.tf2outpost.com/trade/20167389
So, the original range was 1-1.6, but polar beleived that was too wide, and that the 1.3 sale was rather quick. I kinda disagree on both points (1 week isn't really fast at all, and a .6 bud range isn't that large, imo.). However, the 1 Bud sale was rather fast (I believe it was a case of the guy offering the hat on a ton of trades, but I have no proof of that, so a quicksale it is), so 1.3-1.6