I paid $20 for my first pair of unbranded stereo headphones and they didn't sound all that bad. The drivers looked like transistor radio speakers. Those phones sounded at least as good as the speakers in the Sears consolette that I was using at the time. A few years later I got the phones pictured. As I recall they cost $40, on sale from Muntz Stereo in Thunder Bay. They were advertised in the flyer, I think that my pair were the only ones that they had in stock. They sounded much better than my previous stereo pair.
As I said before phones don't image the same as speakers, but quadraphones don't sound anything like a mixdown! Big, richer, fuller! Directionality is addable but not extreme. Phones like the DR-163Q work the best. Actual Fixler phones likely work better still but I have never even seen a pair.
Koss phones do not work nearly as well. I seem to recall reading that they taylored (limited) the frequency response of the rear pair of drivers to trick the ear into thinking that the sound was coming from behind. Looking inside them, the drivers appear to all be the same. I never felt that tailoring frequency response was a good idea anyway.
Still even those Koss phones produce a bigger sound than plain stereo. Sorry Chucky about taking this thread so far off course.
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