New vs. old DACs - opinions?


I'm on the market for a new DAC. I've noticed that you can find used DACs from, say, 8 years ago that are heavily marked down from their original price. I just saw one sell for $400 that was originally $1500, for example.

So, correct me if I'm wrong, but the progression of DACs seems very different from that of amps... an old amp, like McIntosh, is still highly competitive today... but it seems that newer DACs are more evolved, refined, and use higher quality parts for less money, right?

Another thought is - before DACs were as widely used as they are today, perhaps the mark-up was much greater in the past...? Where-as now, with the influx of foreign manufactured DACs, there is a healthy bit of competition that keeps prices down by limiting the manufacturer mark-up. Correct me if I'm off here as well.

So, overall I'm wondering if I would be better off buying something new like a Keces or MHDT DAC or finding something older that is heavily marked down.
djembeplay
Your question is too general.

You need to compare specific DACs, old or new.

You also need to make sure the DAC, OLD or NEW, fits into you system well, for example, ratio of pre-amp input impedance to DAC output impedance should not be too low.

Another factor to consider based on you rcurrent system and listening tastes is whether you are going for "detail" or "smoothness" or some combo of both.

You also need to consider whether jitter rejection will be an important consideration for the DAC or no depending on your source(s). If you are not sure, then safer to go with a DAC that is more resistant to jitter from the source, like most upsampling DACS that must re-clock the bits.
See the HIFICRITIC web site for info. Some of the ratings are there. They don't publish the articles as that is how the Mag is supported. As to Mapmans point, specific DACs will vary but whether there is a general trend upward or downward is a legitimate question.
You also need to consider whether jitter rejection will be an important consideration for the DAC or no depending on your source(s). If you are not sure, then safer to go with a DAC that is more resistant to jitter from the source, like most upsampling DACS that must re-clock the bits.

Although it doesn't directly address the question at hand, an excellent point was made by Audiogoner Tobias in this thread a couple of months ago:

http://forum.audiogon.com/cgi-bin/fr.pl?fcabl&1233206618

DAC's that don't have re-clocking provisions that minimize jitter, and that don't have precisely controlled input impedances, will be particularly sensitive to cable length, assuming their electrical (not optical) digital input is being used. He has found that 1.5 meter lengths usually work better than 1 meter lengths.

The reason is that cable length will affect the re-arrival timing of signal reflections caused by impedance mismatch at the DAC input, after the reflections travel back to the source and then are partially re-reflected back to the DAC. Depending on the cable length, they may or may not re-arrive at the DAC input coincident with signal edges in the original incoming waveform. If they do arrive coincident, the resulting edge distortion could significantly increase jitter. And that would be pretty much independent of what source component is being used (unless the source component provided an essentially perfect impedance match at its end, preventing the re-reflection).

Something to keep in mind when comparing a jitter-resistant DAC with one that doesn't have that provision.

Regards,
-- Al
Stan,

The general trend has to be upward.

Its a legitimate question but I don't think the answer is very useful for determining which way to go other than if you shoot blind, the odds say you will probably find the right DAC sooner with new versus old.

Better to know what you need and then find the DAC that seems to best fit the bill.

If it doesn't try another.

In the end, you'll get to the right one faster by looking at other factors rather than whether a DAC is old or new.

If you limit it down to several choices, some old and some new, chances are you'll pay less in the end with an older second hand unit than a new one.