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That's not much of a surprise Jim. A vintage DE that's a reputable make/model and is in good condition will often go for well more than $15, in fact it's very common. I know we usually associate...

Sorry BigJim, I'm not much of a razor restoration guy so I'm not a lot of help there. If it is a looseness issue I'm not sure that oil will help, but perhaps some of the experienced DE repairmen...

For now stick with a middle of the road setting, like 4, 5 or 6 until you have a few shaves under your belt. The Fat Boy can be as mild or aggressive as you want, an she does bite at the top...