QUOTE(estonia @ Sep 18 2009, 07:17 AM)

We are interested in purchasing a used oboe or renting one for a few months for my daughter to start learning to play the oboe in her grade 7 elementary band. We do not have a large budget and so we were looking for a student model around the range of $300-$450 (USD). I've seen a few used oboes on our buy/sell websites in our local area for this cost but because I do not know much about oboes I wasn't sure which might be the better choices.
In my market area the Yamahas and Selmers are popular at this price level. Which brand would be recommended?
It's a bit difficult to make recommendations to someone in the US from here in the UK as makes and models tend to be a bit different. Over here popular beginner models would include Buffet Artiste, Ward & Winterbourn TW1 and Howarth S10 (v. good but pricey). One thing I'm sure we can agree on is that Yamaha are a good make and you wouldn't go far wrong there. A highly regarded make in the US is Fox but they are hardly evident in the UK.
Interestingly you mention the Selmer 1492. Now over here I suspect most people would say "what?" or "yuk". However, I won't because I got one (cheap off ebay) as my first oboe just to mess around on to see if I would get on with it. When I started having lessons I rushed out and bought a secondhand Buffet because it's reckoned to be a better instrument and has a few "extras". Also the Selmer was a "conservatoire" model and over here we tend to use the "thumbplate" system which my Buffet has.
Now I actually think the Selmer is pretty decent for what you pay. It hasn't got a bottom Bb or left hand F and Eb (see comments below) but it does (oddly) have some of the trill keys. It's plastic (which some people won't touch) which means it's ideal for a youngster who might not be terribly careful about swabbing out after use and it's robust. The keywork is good and solid and it actually makes quite a decent sound.
QUOTE
For a beginner oboe player which keys/features should I look for and which features would be unnecessary for someone starting out?:
left hand F - not necessary
or E-flat - not necessary
resonance key - what is that? - It's a side vent connected to the small F key between fingers 2&3 on the right hand. It's the normal F fingering, so yes, it's a must have.
D/D# split ring - No. These only come on top end oboes anyway.
Bb with C# - I think you are referring to a link which allows you to play bottom Bb whilst fingering C# (as opposed to having to move your little finger to C). You won't get this on a beginner instrument and the Bundy doesn't have a Bb anyway.
third octave key - not necessary. These start to appear on (some) intermediate and professional models.
low B flat - You can get away without this for starters but it will be required after about a year to two years depending on progress.
trill keys - not necessary.
low B-C-sharp banana key - An intermediate to professional addition and even then very rarely used.
So coming back to the oboes you have listed.
Yamaha - very good but above your ideal price range . The models you mention though are simple beginner models comparable with the Selmer 1492.
Selmer with no F key - definitely no.
Selmer 1492 - pretty good for a beginner. Might get sniffed at by some for having no bottom Bb and being plastic but good and solid.
Bundy - this IS a Selmer, but I don't know what model.
Now the Yamaha might be the best long term choice, but as a beginner that might not be what you want. I've been playing for just over 18 months and I'm on my 3rd oboe

OK the Selmer was only ever going to be for a brief tryout. The Buffet was OK but I got a really good deal on a superb Howarth S40 which I have now and I'm sure will last for a good while. When it cropped up I had gained that bit of knowledge to allow me to make an informed choice. It has all the bells and whistles I will probably ever need (the LH F and Eb, Bb/C# link, banana key, etc.), bearing in mind I'm an adult learner and don't have my sights set on anything other than being a decent amateur. Then again, I have to accept that I have a reasonable disposable income for such things.
Bottom line? In my opinion, rent the Selmer 1492 for now. See how your daughter gets on. If she likes it then I reckon in 6 months or so she will probably appreciate something a little better - an intermediate model Yamaha or perhaps a Fox or even a Howarth (plug for an excellent UK maker there) if you can find one. At that time it may then be worth looking to a couple of extras - definitely bottom Bb and LH Eb and ideally LH F.
Do bear in mind these are the views of one (pretty inexperienced) amateur.