The best DAC for the money


I'm thinking to buy a DAC, but not really sure which one to choose... Preferable with HDCD decoding, and reasonable price... You name it

System
Source: NAD c541i
Amp: Sim Moon i-5 integrated
Speakers: Revel M20
Cables: AZ Satori, etc...
dmitrydr
Used Pass Labs D-1 with 24/96 upgrade listed on Audiogon right now for $2500. Puts most other DACS to shame. The key is the way Wayne Colburn designed the digital to analog coversion stages. Absolutely incredible sound. Run it balanced.
For anything over a few hundred dollars I would want to demo the DAC, driven by your CD player (the NAD) versus a comparably priced one box CD player. DACs are sometimes very dependant on their transport and the NAD may or may not be a good transport.
What about the Best DAC for the money with no price range?

BTW, thanks to all for the responses!
Try the new Benchmark Media DAC-1. List price $850.
I've not heard it yet but the review seems impresive. Check it out before you commit.