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At US$250, this is a fair-to-slightly-ambitious ask for a PMA-920, but not out of line if it’s truly clean and fully functional. Recent used sales I’d expect to land roughly around US$130 to US$200, with a tested, warrantied example occasionally stretching a bit higher; unknown-condition pricing should usually sit lower than that.
The appeal here is the Denon’s stout 115 W/ch output, good phono stage for both MM and MC, and generally solid late-’80s build quality. It’s a capable, musical integrated that can comfortably drive real speakers, so the upside is a lot of amplifier for the money if the unit is quiet, switches cleanly, and hasn’t been abused. At this price, I’d want confirmation of scratch-free cosmetics, stable operation, and any recent service history before jumping.
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.
See all Denon listings on RADAR.
