Shrimpy Shellmet and the Dye Shop

Petty Officer
Jun 16, 2012
I just got the Shrimpy Shellmet to drop from The Master last night and went to see what it would look like at the dye shop with a different color configuration. To my great surprise this level 5 hat costs between 300 and 750 gold depending on colors picked to change it's color. Is it intended to cost as much as a higher level piece of gear to dye?

BTW, it drives me nuts when the spell check disallows words used in game. Rename that hat for this post however you see fit.