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Ok. I think it's safe to say, that this hat no longer needs a high value of 11.5
It's a pain in the ass to find these unpainted, but a lot of them has free paint anyways.
A lot on classified at 11 keys:
http://imgur.com/EAnVxAo
Outpost:
http://www.tf2outpost.com/trade/27031651 (11 keys)
There aren't even any for sale at 11.5, and all above 11 is painted, but I figured I also needed some unsolds above my proof so here ya go:
Unsold:
http://www.tf2outpost.com/trade/26946756 12 keys (1 week, poorly bumped)
http://www.tf2outpost.com/trade/26971923 12 keys (1 week, 22 hours since last bump)
http://www.tf2outpost.com/trade/26919794 12 keys (2 weeks, autobump)
Less than 5% change. However classifieds support the drop. This might do.
I thought they got rid of the 5% change rule?