I'd grade it VF. Numismedia lists a 1909 in VF for 3.45 and EF for 5.46. Sounds to me like you paid pretty much what a coin dealer would charge you. I wouldn't call it a bargain, but what you paid is not out of line either. Just my opinion.
I felt the obverse was that of a Fine coin but the reverse wheat stalks appear to be good enough for VF/ I think this coin would fall in the F15 to VF20 range.
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