Please recommend components for newbie with $1K


I currently have a late-90's Sony cd player, a pair of old Realistic speakers that are hand-me-downs from my father-in-law, and a Scott 418-A integrated from the mid-70's (I think) that I acquired at a pawn shop when I was an undergrad. Sounds pretty bad, so I want to upgrade. I can put in $1000 now, so I want to get speakers and an integrated amp or a receiver. I guess that gives me around $500 for each. I need the amp to have A/B speaker switching. A phono stage would be nice too, although I'm not opposed to getting a separate phono preamp in the future if necessary. This system will be a smallish room, about 14x10, 8' ceilings.

Unless I can find something used, I'm leaning toward the Marantz PM7200 integrated. Local shops have also suggested the Integra DTM 5.3 receiver. I would buy the NAD 720BEE today but it's $540 before tax.

Thanks for reading. Any amp and speaker recommendations will be greatly appreciated.
reanalyst
But hang on, do you want full range or monitor speakers? what music do you listen to most, do you like alot of bass?
You need to make sure you know in your heart what you want, and it will help folks here to give you more accurate info, and just have fun!
NHTs would be a good start if you want monitors. maybe Superones which should leave more $ for integrated.
Here's a possibility for you. AudioAdvisor has a pair of Wharfdale Diamond 8.3s in the Maple finish for $199! That is a screaming good deal. Also, AA has an excellent return policy, so buy them, try them, then send them back if they don't float your boat.

http://audioadvisor.com/store/productdetail.asp?Variant=1&AttribNum=1&pf_id=5745&sku=WHARFD8.3B&selAttribute_1=Maple

Since the 8.3s are floorstanders, you can save the money you would have needed for stands. Also, they have a bit better bass extension than many monitors, so you shouldn't need a sub.

So, that would leave you $800 in your budget or you could just reduce you budget and keep a bit of that money in the rainy day fund. For $500-800, you can buy a pretty decent integrated amp, maybe even one with a phono stage.

Enjoy,

TIC
Try to find Paradigm Atom Speakers used they only cost maybe $100.00 A pair.Great sound for a small bookshelf.
They put out a nice midbass and very nice mid band reproduction.If u wnat something with a phono stage built in try a Hafler Music Concepts 101 Preamp with built in phono stage and use it with an Adcom amp,plus an AR Turntable with a Shure Phono cartridge and you should be right back into audio land.
Magnepan MMG and NAD C352. Add a quality subwoofer to round out the system when more funds are available. This should be a very musical system for minimal outlay and will retain value well should you wish to upgrade. Good luck!