Here's a great sounding banjo you can build in a few hours.
It's a lot lighter and a little quieter than a regular banjo.
It's based on the traditional folk instruments seen in "Foxfire Volume Three".
First step: Make a tuning peg hole reamer from a pair of scissors.
The reamer is a tool for making tapered holes. First you drill the hole then you ream it out to enlarge and taper it. The taper of the reamer matches the taper of the tuning pegs that will be plugged into the holes.
The smoother, straighter, and better matched to the pegs the holes are, the better your tuning pegs will work.
You can skip this step if you want, either by buying a commercial peg hole reamer, or by tapering your peg holes with a rat-tail file.
Commercial peg hole reamers cost from $26 on up.
They can be obtained from:http://www.internationalviolin.com/item_detail.aspx?ItemCode=T410http://www.internationalluthiers.com/tools.phphttp://www.stewmac.com/shop/Tools/Reamers/Peghole_Reamers.html