I have a 1 week old Hegel P20 preamp that was purchased brand new from an authorized Hegel dealer. This is the more sought after silver finish. I purchased this for a second system for an Office that I have now halted due to an upcoming move. The preamp is brand new perfect and was used for less than 20 hours. Awesome piece and I prefer it to the Audio Research LS 17SE that I owned before. I don't think there is a preamp out there than can compete with the Hegel P20 for this price. Fully balanced, very dynamic and excellent soundstage. I don't expect this to last very long. I accept a certified check only on Audiogon.