Want to setup basic home audio system

Diripio, I may have missed it, have we been given the room size? Room size, distance from speakers, loudness levels desired, all in addition to speaker demands contribute to power needs. Could you please provide us a little more guidance regarding the environmental aspects. 

Given none of the room variables are extreme, any 50-100wpc, 4ohm capable amplification will drive speakers having a true 86dB sensitivity rating and a reasonable flat 8 ohm impedance plot. There are many speakers that fit your budget and these constraints. 

I am curious as to what you are using now. 

asvjerry:
I'll definitely look into that! It seems almost similar to setting up a home theater with the mic calibration.

mesch:
Room size: 11ft x 12ft
Does 70-80dB makes sense? Maybe a bit louder than a vacuum cleaner going off.
Distance from speakers: 8 ft
Currently, I am using my logitech computer speaker system along with a marshall tube combo amp for my guitar. I will say the logitech did its best to hold up but the guitar amp overpowers those mini speakers. 

Well, diripio,

Tell us what you're getting!!!!!

thecarpathian:
Although it may sound like I'm going in the reverse order, I have made a deal with jollygreenaudiophile2 to get the Nak amps off his hands. As for speakers, I am still doing my research on some of the used gear found on the web. 

The speakers listed below were listed from a local audio shop. Didn't have the opportunity to check out the store due to work meetings but plan to go tomorrow to demo these speakers. What do you think of them?
MartinLogan Montage Floorstanding Speakers USED
NHT Absolute Tower Floorstanding Speakers USED
B&W 707 S2 Bookshelf Speakers Gloss Black
Vienna Acoustics Haydn Grand Bookshelf

I think you made a terrific decision on the gear.
Order, shmorder! When you are offered a great deal, jump on it.
I cannot give my opinion as I am not familiar with the sound of the speakers you have listed.
I ask that you not discount the Ascend Acoustic Sierra 2.
They can even be upgraded to the Sierra 2ex with a new style SEAS woofer from Ascend. Reported to be very, very good for the upgrade cost.

Nice score on the Nakamichi’s!
And kudos to Mr. Jolly for helping a fellow music lover get started....