If you're looking for a high quality banjo for a steal, the Washburn B14 is for you.  It has everything a professional banjo player needs without all the extra fuss like inlays and engravings.  The B14 features a bell brass tone ring, a tension tailpiece, a Remo head, a Mahogany resonator, 24 tension brackets, chrome hardware, planetary tuners, a Maple neck, a Rosewood fingerboard, and includes a nice hardshell case.