After two normal raids and two nightfalls I ended up with two chatterwhites, some ascendent materials, 7 strange coins, and Plan C...which I just bought from Xur. The loot drops in this game are hilariously bad for the work you put in. They can keep the randomness of the specific drop but you should be guaranteed weapons and armor. They're trying to make people play this for longer by making you repeat the same missions over and over just to maybe get that elusive piece you're missing but instead it's just pushing me further away from the game.
I realized the only reason why I play this still is because it's the only available shooter on PS4 with competitive multiplayer and co-op which are the two things I look for in my shooting games.
Congrats, Bungie. You win by default.