I'm in Australia, so for $100 you could get a Maglite 4D incan back in 1990. Most shops still think that maglites are the best, so are still prohibitively expensive.
First light over $100 that I saw that was worth it, MD2 with M60. had seen lots online, but this was the first one that I had ever held. sucked because I had to buy it blind, not knowing what was in store... so glad I did though. Was the best moment in my flashaholic life so far