Need a DAC Recommendation.


Im retired and can only spend $1200 to $1500 on a DAC. What would you recommend? I assume I will be in the Used market.  Thanks!
128x128rsa
Another vote for MHDT Orchid. Plus you can do a bit of tube rolling if you desire.
Border Patrol SE. Can get one used for $850. Sound wonderful and I may have one for sale. 
We tried the Topping D90 against the SMSL M400 both in the same price range and preferred and bought the SMSL M400.  The Topping was a bit forward and bright for our taste, while the SMSL was just right.  Not as good as my Chord Hugo TT2 but much closer than I had ever expected for seven times less money.  Best DAC I've ever heard under $1000 although I'd admit I've not heard the R2R examples.
Happy listening!