String Banjo

How much should I spend on my First Ever 5-String Banjo?

Hi! I am thinking of getting a 5-string banjo but I have absolutely no idea how much I should spend on one. I am thinking of getting either the Maestro 5 String Banjo for £55 reduced from £140 or the Blue Moon 5 String Open Back Banjo. Please help me. Is this the right choice for a beginner? Thank you all!

Washburn makes very nice banjos. You can pick one up for only about $150. If you're handy, you can make your own banjo. I used to own a Washburn but had to sell it, so I made a couple of my own banjos. One is a mountain (Appalachian) style banjo, the other is a cookie tin banjo. That one was incredibly easy to make, and although it sounds different from a bluegrass banjo (it sounds more metallic) it's still fun to play, and sounds good. You can see pictures here:http://flickr.com/photos/resistzine/sets/72157603324916027/
You can fine help building one here: http://launch.groups.yahoo.com/group/homemade_musical_instruments/

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Old Vintage Banjo Antique String Musical Instrument
Old Vintage Banjo Antique String Musical Instrument
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Banjo Challenger tenor 4 string 1927
Banjo Challenger tenor 4 string 1927
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VINTAGE FRAMUS 5 STRING BANJO
VINTAGE FRAMUS 5 STRING BANJO
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Hoyer 5 string Banjo
Hoyer 5 string Banjo
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Vintage Black Diamond Banjo Strings Set of 3 Strings in Original Packaging
Vintage Black Diamond Banjo Strings Set of 3 Strings in Original Packaging
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3Pcs Chrome Superb Quality Tailpiece Plate for 5 String Banjo
3Pcs Chrome Superb Quality Tailpiece Plate for 5 String Banjo
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K Tone 5 string banjo Vintage
K Tone 5 string banjo Vintage
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GHS 4 String Tenor Banjo Johnny Baier 11 30 230
GHS 4 String Tenor Banjo Johnny Baier 11 30 230
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Vintage Japan Import Delta 5 string Banjo VGC
Vintage Japan Import Delta 5 string Banjo VGC
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ONE SET VINTAGE BLACK DIAMOND TENOR BANJO STRINGS LOOP END STEEL 797 1 2
ONE SET VINTAGE BLACK DIAMOND TENOR BANJO STRINGS LOOP END STEEL 797 1 2
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Harmony Banjo Neck 5 String Short Scale Luthier Parts Cigar Box Bluegrass ZB34
Harmony Banjo Neck 5 String Short Scale Luthier Parts Cigar Box Bluegrass ZB34
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VINTAGE 4 STRING SILVERTONE HARMONY USA TENOR BANJO  NO RESERVE
VINTAGE 4 STRING SILVERTONE HARMONY USA TENOR BANJO NO RESERVE
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5 VINTAGE BLACK DIAMOND TENOR BANJO STRINGS D or 2nd 791 1 2  C or 4th 793 1 2
5 VINTAGE BLACK DIAMOND TENOR BANJO STRINGS D or 2nd 791 1 2 C or 4th 793 1 2
$9.50
Vintage Drifter 5 String Banjo Rosewood Made in Japan Clean Musical Instrument
Vintage Drifter 5 String Banjo Rosewood Made in Japan Clean Musical Instrument
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1965 Vega Pete Seeger Model 5 String Long Neck Banjo Serial 125693
1965 Vega Pete Seeger Model 5 String Long Neck Banjo Serial 125693
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Vintage Kay Banjo 5 String Project Piece AS IS Open Back Antique
Vintage Kay Banjo 5 String Project Piece AS IS Open Back Antique
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Morgan Monroe Rocky Top 24 Bracket 5 string Banjo mahogany reson + Brass Bridge
Morgan Monroe Rocky Top 24 Bracket 5 string Banjo mahogany reson + Brass Bridge
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Fender Robert Schmidt Signature Plectrum 4 String Banjo
Fender Robert Schmidt Signature Plectrum 4 String Banjo
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VINTAGE Harmony Tenor Banjo  Case 4 String Instrument Reso Tone
VINTAGE Harmony Tenor Banjo Case 4 String Instrument Reso Tone
$145.00
2 VINTAGE BLACK DIAMOND TENOR BANJO STRINGS D or 2nd 791 1 2  G or 3rd 792 1 2
2 VINTAGE BLACK DIAMOND TENOR BANJO STRINGS D or 2nd 791 1 2 G or 3rd 792 1 2
$8.25
Vintge Beltone NO 25 8 String Banjo Mandolin Banjolin
Vintge Beltone NO 25 8 String Banjo Mandolin Banjolin
$10,000.00
Vintage KAY Banjo 4 String Project Piece AS IS Open Back Antique
Vintage KAY Banjo 4 String Project Piece AS IS Open Back Antique
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Morgan Monroe Rocky Top 5 String Banjo 18 Bracket Open Back
Morgan Monroe Rocky Top 5 String Banjo 18 Bracket Open Back
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Morgan Monroe Rocky Top 5 String Banjo 18 Bracket Composite Cherry Mahogany Rim
Morgan Monroe Rocky Top 5 String Banjo 18 Bracket Composite Cherry Mahogany Rim
$159.90
Vintage Set of NMS Black Diamond Tenor Banjo Strings NOS
Vintage Set of NMS Black Diamond Tenor Banjo Strings NOS
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Thompson  Odell Artist 5 string banjo Circa 1897 S N 2050 with Leather Case
Thompson Odell Artist 5 string banjo Circa 1897 S N 2050 with Leather Case
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Banjo Resonator for 5 String Vintage
Banjo Resonator for 5 String Vintage
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UNUSUAL HAND CRAFTED 4 STRING LUDWIG TAMBOURINE BANJO
UNUSUAL HAND CRAFTED 4 STRING LUDWIG TAMBOURINE BANJO
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Vintage Antique c 1920s 20s Banner Blue Wm Lange 4 String Tenor Banjo
Vintage Antique c 1920s 20s Banner Blue Wm Lange 4 String Tenor Banjo
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VINTAGE GRETSCH 4 STRING BANJO Lot 55
VINTAGE GRETSCH 4 STRING BANJO Lot 55
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Vintage Banjo 5 String 4008 Made In Korea
Vintage Banjo 5 String 4008 Made In Korea
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VINTAGE KAY 5 STRING TENOR BANJO K65T Leader EXC COND 1950S NO RESERVE
VINTAGE KAY 5 STRING TENOR BANJO K65T Leader EXC COND 1950S NO RESERVE
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