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Small market. Range is ridiculous.
SELLERS BELOW 2:
http://www.tf2outpost.com/trade/24098536 ~1.4
http://www.tf2outpost.com/trade/24365921 1.5
http://www.tf2outpost.com/trade/24247576 1.6 (also gold) (1 week old)
http://www.tf2outpost.com/trade/24377559 ~1.6
UNSOLDS:
http://www.tf2outpost.com/trade/24381840 bp.tf price (young-ish)
http://www.tf2outpost.com/trade/24234431 bp.tf price (1 week)
http://www.tf2outpost.com/trade/24372696 2 keys (22 hours, but painted TS)
http://www.tf2outpost.com/trade/24354597 2 keys (2 days)
http://www.tf2outpost.com/trade/24343729 2 keys (2 days)
http://www.tf2outpost.com/trade/24237694 2 keys (1 week)
http://www.tf2outpost.com/trade/24230414 2 keys (1 week, also painted after eight)
That's all the relevant sellers on Outpost.
1.4 also has supporting evidence from the previous suggestion. This is a conservative drop.
Let it ride.