It is heartening to see some rarer items popping up on Ebay of late. This hat with a fairy motif was made by Beistle in the 1920s. It is one of a set of 6 that were packaged together in a very colorful envelope. I have only seen the envelope surface twice and have never been able to obtain one for the collection. Others from the set can be found on page 203. The prices for these hats have increased fairly substantially since 2007. I would expect this hat, which appears to be in excellent condition, to fetch in excess of $200.
08/14 Update: The hat brought a remarkably strong $260, showcasing just how hot early and rare Beistle items remain.