Near new, a great sounding dac. I am selling my stereo after all these years I find myself hardly listening at all anymore. This piece is about 2 months old and in perfect condition. exceptional performance. That’s because the DAC-1 is built on the same foundation as our DAC-2 series: the industry standard ESS Reference 9018 32-bit DAC. Now with the LE version, we expand on this exceptional performance by adding the ability to play high-resolution DSD files and an improved USB input! The new DAC-1 LE USB input will process signals up to 32 bit in length, and sample rates up to 384 kHz PCM or DSD256 It also has the femo clock upgrade.