From someone whos knows very little: I am a guitar player, but have always wanted to get a banjo eventually (upcoming 60th - could happen!) . I'm more interested in open-back than resonator and do try them out from time to time in music stores. FWIW I really liked the Deering Americana - comfortable, sounded great, looked great and well within your budget.
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National Resophonic NRP 12 Fret
Loar LH-700-VS Archtop
Eastman E8-OM
Herrmann Weissenborn
Recording King RP-10
Recording King RG-35-SN Lapsteel
Maton 425 12-string
ESP 400 series telecaster
Eastman T485
Deering Americana Banjo
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