On that budget you can get very little.

Ideal setup for collecting is a remote DAT Tape or Disc - I prefer the Tape since editing is so easy and far cheaper in the long run IF you do a lot of archiving etc.

The Microphone needs be high quality radio type with tranciever connected to the DAT. I did say remote.

One neat thing about Radio is the performer sometimes has no idea you have started recording.

Be aware that collectors today use Video and as I already tried to show on the Muddie finding a catchy tune or song might be a waste of time these days.

The age of video and broadband has started a new culture - the audio is wallpaper.