
AvalonXQ |

Why does a bicorn hat cost 50 gold? Because the people who want one are willing to pay 50 gold for it, so that's what the hatters charge.
There's an interesting effect in economics called "snob goods", where certain goods are actually more popular if they're more expensive. It's possible that the fact that the hat is amazingly expensive is one reason why it's bought and worn.

Murkmoldiev |

Snob goods !
Of course. You are right.
It is worn by admirals and has gold lace and bocade and such on it.
It probably gosts 5 gp in materials to make, and its made in a miliners that doubles as a borello ( Anyone seen BBCs Fanny Hill? )
A place in sydney called double bay sells pies for 7 $ when in the other sheps they are about 3.
Snob goods. lol.