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http://backpack.tf/u/76561197961589301 - Seller at 11 for 1 day
http://www.tf2outpost.com/trade/23983250 - Seller at 11 for 3 days (Atm on SCM)
http://www.tf2outpost.com/trade/24008889 - Unsold at 11,4 for 1 day
7 trades on OP.
Not really a sufficient source of evidence
Check the market.
Classified:
1 x 11 Keys.
3 x 12 Keys.
Yeah... this may need a drop. Little market and there is a good amount of 11 keys to provoke a drop.