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This is a fair ask, sitting a touch above the US$331 median but still within the normal used band, and comfortably below the US$351 75th percentile. It’s not a bargain, but it’s close enough to fair market that a clean example can make sense at US$345.
The PMA-860 is a well-regarded late-’80s/early-’90s Denon integrated with solid phono flexibility and a stout, musical presentation that still appeals to vinyl listeners and vintage-system builders. At this price, the upside is owning a respected, listenable amp from a good era; just make sure the unit is quiet, all controls are healthy, and any original packaging, remote, or service history is clearly accounted for, since those details matter more than chasing a tiny price discount.
Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.
Denon traces its origins to 1910, when American entrepreneur Frederick Whitney Horn founded Japan's first audio equipment company, Nipponophone, initially focused on gramophones and records. The Denon brand emerged in 1939 from the merger of Japan Denki Onkyo—combining "den" for electricity and "on" for sound—with other entities, marking a shift toward professional audio development. This heritage includes pioneering Japan's first professional disc recorder in 1945, used to capture Emperor Hirohito's voice, and launching the nation's first long-playing records in 1951.
The brand excels across a broad spectrum of hi-fi categories, from amplifiers, turntables, and tuners to loudspeakers, cassette decks, and phono cartridges. Denon's innovations extend to digital frontiers, such as the world's first practical PCM recorder in the early 1970s, the inaugural CD player in 1981, and early home theater systems with Dolby Digital in 1995. Today, its lineup encompasses AV receivers, headphones, wireless streaming solutions like HEOS, and high-channel processors, blending professional-grade components with consumer accessibility.
Denon holds a commanding position as a mid-to-high-end mainstay in the hi-fi market, revered for its blend of technological firsts, robust build quality, and balanced sound signatures that appeal to discerning enthusiasts. No longer a vintage collector's niche, it competes confidently against premium rivals, backed by over a century of audio leadership and strategic partnerships like its merger with Marantz.
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