I recently picked up a pair of Peluso CEMC6s for just over $500 (they were used...the eBay transaction was a nightmare and they don't cost much more brand new, so I would probably spend the extra money if I had it to do again). They are high-quality American-made mics, and I'm definitely happy with the purchase. However, they did sort of drive home the old axiom about how you spend a lot of extra money to get an extra few percentage points of performance. I did some test recordings comparing their performance on drum overheads to my old MXL603s, and while they do sound a bit fuller and smoother, the difference is surprisingly subtle. The 603s held up very well, at least in a wide-spaced configuration...in XY config, the Pelusos did much better, I think due to the fact that they are much more closely matched than the 603s.
So I guess my point is that you should be aware that you may well get results you'll be happy with by buying the right pair of 'bargain' mics. I am glad that I stepped up to the next level, because I have been upgrading the other parts of my signal chain and it was the right time for me to buy better mics, but if money is tight you could be 98 percent as happy with a carefully-selected $200 pair as with a $500+ pair.