Resuggesting under comment from Blaze:

this should be priced at 1.22 - 1.33 ref rather than using the craft hat blanket as this is not a craftable hat

I was right the first time :((((

Thanks to Lemons for his sale:

I bought one at 1.33 ref https://gyazo.com/738269a3dddac893fcdaf3501bfbba67

This can be given a range instead :D

Past 30 days: https://gladiator.tf/sales?item=Pickled%20Paws&at=2021-07-24T11:18:38.874Z

1 @ 1.22 ref

1.22 low end is in line with buyers. Taking 1.22-1.33 ref as range.