Hey Paul,,
welcome to Tnet.
There is a tremendous amount of experience here on Tnet. The good news is that all the information and suggestions that theTnet members will give you are FREE. The only suggestions you will pay for are the ones that you don't take.
It sounds to me that you have been bitten by the treasure hunting bug and that you are anxious to get into the game. If you absorb the benefits of listening to the long time experience of the guys and gals here on Tnet you can avoid making some of the mistakes that some of us made in the beginning.
Thank you for giving us a budget to work with. Also the type of hunting you will do.
You need to know that there are some accessories that go along with your detector purchase that are essential. A good sand scoop is a must. Since you will not be able to purchase an Excalibur and stay within you budget, then you are restricted to Dry Sand. If you want a machine that will give you some flexibility then go ahead and view some videos on the AT PRO. AT stands for All Terrain. However, it will not function properly in salt water or on wet sand. Like most machines that are not designed to function in salt water,,, with the AT PRO, you will be chasing Ghost Signals all day long. So All Terrain does not include Salt Water.
It took me 18 months to recover the initial purchase price of my AT PRO. I hunt a lot. With the Pro,, it was mostly parks and FRESH WATER lakes. I recovered gold rings and gold earrings as well as silver jewelry but the purchase price was covered by just clad coins. If you are patient and successful in your treasure hunting ventures, you may be able to upgrade in a short period of time.
Other pieces of equipment that many of us survived without for years,, are Lesche Diggers and Pin Pointers. These are part of my dirt digging outfit and I won't leave home without them.
There are many do it yourself videos on line that may help you save money on the purchase price of equipment like sand scoops.
Try to trust the advice of seasoned Treasure Hunters like Terry Soloman. It will end up making your transition into the World of Treasure Hunting a much more enjoyable experience.
Best of luck and Happy Hunting, ,, ATW