Best Bang for your Buck DAC ?

You might check out these guys:  The review below is for a Gustard X16 DAC that received high praise from measured performance and low noise floor ... and others in your price range!


https://www.audiosciencereview.com/forum/index.php?threads/gustard-x16-balanced-mqa-dac-review.17419...

What is the highest resolution you will be listening to? If you don’t listen to hi-res beyond 96kHz/24bit, then there are some terrific deals to be found in older, higher end DACs (e.g., Ayre, Esoteric, Benchmark, Meitner, etc.) as people upgrade their gear.

Another very happy Denafrips Ares II owner here, very good build quality, balanced XLR’s, r2r and there is a reason why you don’t see them on the second hand market. 

Musical Fidelity V90 DAC plus an S-Booster power supply to replace the wall wart sounds really good for the price. 

Apparently the Okto dac8 Stereo is supposed to be the Schiit.

I have had Schiit, Nuprime, Chord, MHDT, and a few others.  Hands down best Bang for the Buck DAC has been the Digital Amplifier Company DAC.  Preowned market, these can be had for $600-$700.  Like the other companies mentioned, they offer a few different models, including one that is “tube-like”.  Highly recommend you at least check them out.

Wyred for sound 10th anniversary dac. At 4,500 us it's one of the best dacs on the market right now at any price. I put it up against the Sim audio dac which is $15,000 Canadian and it left it in the dust. Very analog sounding and very accurate. The two reviewers were absolutely floored by it.

Well you have to go pretty high up I guarantee you $1,000 dac will not sound as good as a $5,000 dac at that point you're hitting the point of diminishing returns.

Man that's a hard question without knowing what you want soundwise. If you want a safe bet DAC without a "flavor" per se, a used Benchmark DAC 2 or 3 would be a good starting point. 

I also highly recommend the Black Ice Audio FX Tube DAC.  On sale at times for $699 I was skeptical how good it could be atbthat price point but wow it sounds really good.  I liked the fact it used 2 12ax7’s and has built in wifi. Performs way above it price point.  https://www.underwoodhifi.com/products/black-ice-audio

The SHD Studio is a digital front end - streamer, DSP headphone amp, input selector - NO DAC.

George  
I don't need to read those reviews. 
Or reread them.
I only reported a NON reviewers experience.

Chord qutest. About 1500. Very nice. 

Bought an SMSL M-400 for about $810 and it is amazing!  
It doesn't sound as good as my Chord Hugh TT2 but it comes pretty close in many respects and costs a fraction of the price.
I also own and agree with you on the Audioquest Dragon.

Surprisingly the S.M.S.L is really good bang for the buck.

You mentioned computer. Do you need DSD on the DAC? If not, then if you can find a used Massdrop Airist R2R dac. It took an MSB to better it from the musicality aspect. I tried against PS Audio Stellar Gain DAC and Mytek Brooklyn DAC, which was a close second, plus did DSD.

Emotiva DC-1 is a steal if you can find one. A great DAC plus headphone amp, balanced outputc digital inputs. Check it out. I’ve also been enjoying my Aune X8. I can swap opamps with ease, which has been enlightening. The Burson Vivid and Classic opamps are totally worth it. The Classic has really expanded the soundstage. 

Denafrips Ares II. 

Under $1,000 CAD into the country. 

So sweet I bought a second.  

It really shines after a couple hundred hours of use. 

Mytek 192 Dac

I have heard many of the Dac's mentioned above.  These are all nice sounding Dac's and some good recommendations.  I have had a dozen Dac's in my system and am just stunned with how the SMSL M500 sounds.  This little Dac is like $400 and has clearly outperformed some pricey Dac's in my system.  It does require a fair amount of burn in.  
Even though you may prefer another Dac from above, it is all personal.  I can promise that it won't be embarrassed by any of them. 

Blue sound! Best sounding for around $500

A excellent dac Black ice audio uses dual 12Ax7 vacuum tubes 
which I would put in NOS Raytheon Black plates 
brent Jesse audio, and a Synergistic 🍊 fuse decent power cord 
And beats dacs 2-3 x it’s cost .Underwood Wally sells them 
Retail $799,which you can buy for  less build quallity compact but very good especially the Rcore power supply Burr Brown dac chipsets. Rich involving sound ,even stock ,the tubes mentioned 
and fuse just add to the musicality and resolution .I started there 
then went much further modding it monies well spent IMO.

MHDT. Several models available

Or you could try an old classic like this that I bet sounds fantastic.
https://www.audiogon.com/listings/lisa9gb2-audio-logic-model-34lu-tube-d-a-convertor-da-converters

I think your instinct to go with Schiit is good. I helped a friend get his first high end DAC. It was a Yggi. In the process I bought a Gungnir multibit (for my office system). I highly recommend the Gungnir Multibit... it gets you close to the Yggi... all of which are simply screaming deals in high end audio. You would have to pay twice as much for another brand to equal the sonic performance. Check out the reviews.
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Just a word about really inexpensive DACs... you get what you pay for. Many years ago I poked around with a Dragonfly and a couple others... it was a complete waste of money for me. I finally bought a $4K DAC... holy cow... different experience completely. I made fun of Schiit a long time. Who would name a company that? But after extensive research and buying a couple... this stuff is the way to get into the high end.
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I recommend doing the multibit, in the long run stretching the extra $ is worth it. But if you can’t then the Gungnir is within your budget. It takes more than 200 (400) hours to break in... so it will sound good right away but not as natural and a bit flat until you get hours on... run music through it for the first month non-stopped and it will be broken in.

Love my RME , sounds great.....  its at that perfect price point where you get a lot for the money, great sound, etc....to better it will cost double. Nothing out there has its feature set.    Detail retrieval is excellent,  it has great bass, dead quiet, dynamic....works with any digital product.   Plug my iPhone into its,USB and it instantly recognizes it as a 768k/32 bit device.... same with my tablets, and PC.    Truly plug and play.

I view digital gear as " consumables" for lack of a better word.   Digital is  constantly evolving ,  I don't think I have the system to warrant a $4000 or $6000 DAC.... who knows, maybe something like the Bricasti DAC or dcs would elevate  my system to the next level. But  I doubt I have the associated gear to flesh out the differences.   Would be fun to try something high end in my modest system.

George
I know you love Soekris but the only forum member I know of that auditioned one vs the RME returned Soekris to Mod House.

Well you need to read these reviews also, (and there are more) and it's not the top Soekris model, which gives these well respected dacs a real giddy up👌
  
https://www.theabsolutesound.com/articles/soekris-dac1421-dac

https://audioaddictsforum.com/thread/1643/soekris-1421-dac-review?page=1

Cheers George

op

$800-1000 is a good cost range to spend for getting very very nice sound from a dac

it is good spot to be on the ’value curve’ for those seeking to maximize performance for $ outlay imho

going up from there further sound improvement certainly exists but becomes rather subtle and nuanced, and would best be appreciated on fairly expensive systems playing its output

don’t forget to get a good streamer too, don’t just run the digital feed out of a computer

@ngiordano at your price point I'd recommend the following options in addition to what others have suggested. Some are over $1000 but you may be able to find them below $1000 used. They all sound different from each other, so it will come down to personal preference.

• Soekris 1421 or 2541 (R2R design)
• RME ADI-2 (AKM-based, DSP)
• Prism Sound Callia (CS4398-based)
• Neko Audio D100 Mk2 (transformer-coupled passive output)
• miniDSP SHD Studio (AKM-based, DSP + Dirac)
• Benchmark DAC2 or DAC3 (ESS-based)

The Soekris 2541 has balanced XLR outputs.

Schitt Bifrost 2. XLR and totally modular, so updatable in the future. Multibit sounds great and has a remote that allows you to change phase from your chair (something I am finding quite useful, shame so many recordings are in the wrong absolute phase).

I have the the first version (with Multibit, but not Unison USB) and it is definitely better than my Red DragonFly.

Gustard X26 Pro

I'm in a similar position (budget-wise) and, after much research, recently  replaced a 20+ year old Muse Model Two DAC with a Denafrips Ares II for around $750.00. 

I don't know enough to debate the procs and cons of R2R vs. other designs, but I've been pleased with the performance,  sound, and overall build quality.  I'm a tube guy - and I don't find the sound overly clinical.

Only drawback:  They're tough to find used - which may tell you something.

My .02.  As always, YMMV.

Terry

Gustard Dac A18

I don't think that the Soekris feature XLR outputs. May not matter to some, but it will to others.

The best VALUES are from Chinese manufacturers.  They know how to build great DACs with great parts and performance.  My own favorite for value is the LKS DA004.  But there are many others.

I'm not writing of US or European makers who manufacture in China.  I'm writing of Chinese companies. 

Check out MHDT Dacs, hard to find used but several models under 1K, tube, R2R  very musical

Khadas Tone Board dac from Wesion TEK. $99! Add a 5 volt power supply and a case. The result is a DAC that competes with any four-figure unit! 

RME is very nice. Best DAC I have owned although I never had a DAC over 1800 so maybe I don't know what I'm missing. Could probably pick up a used one for 900ish. I got a demo model from Sweetwater for $1,034 plus tax. 

If you listen at low to mid volumes the eq on the RME really enhances the experience. I turn it off once I get up in volume.  

Jolida (black Ice) tube dac is really nice well under a grand new. I wish I still had mine to compare with my RME. 

George
I know you love Soekris but the only forum member I know of that auditioned one vs the RME returned Soekris to Mod House. The RME truly sounded as good.
Plus it has remote configurable EQ, etc.
He can setup his own remote selectable loudness contours for lower level listening.
Big bang.

Depends, how many inputs do you need, do you want volume control, are aesthetics important to you ? Are you willing to compare DACs without knowing which is which? If you want 1 or 2 inputs, volume control, not interested in how it looks and accept the reality of blind listening and confirmation bias I'd say somewhere between $100 and $300. After that you're getting into exotic designs and coloration, added distortion and filters . If you want a basic DAC that will perform beyond human audibly you can find a lot of choices. 

Soekris discrete R2R ladder dacs with volume.

http://www.soekris.dk/products.html

https://soekris.modhouseaudio.com/soekris-audiophile-line

Cheers George