In certain circumstances you’re not even allowed to sell things for more if someone OFFERS it! For example, if you have pallets and pallets of bottled water, and a hurricane just tore through, all of a sudden your water is much more valuable. You could conceivably sell it all for 10 or 20 times the price.
But that’s called price gouging, it’s illegal, and it’s something that only total potatoes do. It’s also something that might get you hurt later, once things settle down and people remember that you were trying to charge them $20 for a bottle of water when there was a boil water order on.
In addition to what others have posted, as long as you’re honest about it just being a hat and not making any special claims about it (like it was owned or worn by a famous person), I think you’re good.
There are laws preventing someone from jacking up the prices of necessary items during emergencies. But I think the law of supply and demand is the only thing stopping you from selling a baseball hat for $20,000.
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