Should I really be getting exotics at light level 170 when I'm 350!? How is this going to help me at all..
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Besides Xur, some events still drop y1 exotics. Year 1 Prison of Elders, Year 1 Raids, etc. It's possible you got it from Xur or a Year 1 event and mistook it for something you thought you got later. Or not... but usually it's pilot error in these cases :-)
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Hey VisionsZulu, What you purchased is called a Legacy Engram, they decrypt into year one exotics with year one values.
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Did you but the engram from Xur?
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Xur sells LEGACY engrams. In other words, YEAR 1 engrams.