The following article by Ed Kobesky is re-printed by permission of Audio Discourse (with a big thank you to Mr. Dave Clark).
Analog is a smarter bet than ever for audiophiles on a budget. Excellent turntables are available from Pro-Ject and Music Hall for around $300, although that may still represent a big investment for those who want to experiment with analog before making a high-dollar commitment. Another low-cost possibility is to refurbish the classic turntable that is lying dormant in your attic or waiting for you in a neighbor’s yard sale or on eBay. Dust it off and start playing records! Turntables from the 1970s and 80s can equal or exceed the sound quality offered by today’s entry-level models. If properly set up, some may even approach the quality of $1000 CD players!