I recently sold a Stereophile “Class A” rated DAC that retailed for $3000 just a few years ago, because I prefer the $500 Topping E70 Velvet. The Topping is somewhat unique in that one of its filter modes is actually no filter at all, thus, it somewhat gives the listener two DACs in one—a modern high resolution sound and old-school filterless. In a sense it’s like getting a Chord Qutest (but sounds better than the Chord) and a Denafrips Ares in one chassis that allows you to switch between the two presentations on the fly.
Typically, when it comes to amplification and speakers, it’s my experience that one usually gets what they pay for. When it comes to digital sources though, I’ve concluded the technology has matured to the point that top-tier performance is available at budget prices, and has been for a few years now. You can spend thousands on a DAC or streamer, and subsequently discover it doesn’t sound any better than a $500 unit once you conduct a blind, level-matched A/B comparison.
Usually, when someone here solicits recommendations for the likes of a $10K DAC/streamer/CD player, I don’t bother to mention this reality, because those hobbyists presumably have plenty of disposable income. They are often seeking bragging rights more so than actual performance, even if only on a subconscious level.
However, since you stated a precise budget, I presume you want the best value and are not merely looking to spend that entire $1500. For that reason, my recommendation is to try the Topping E70V and invest the money you save elsewhere in your system or music collection. I have owned many DACs in your stated budget range and some at considerably higher prices (Chord, Line Magnetic, Questyle, and Electrocompaniet to name a few) The Topping easily bests all of them to my ears.