I would think a bone-yard find might get an entire rear axle for quite a bit less than $1200, but I could be wrong. Long time since I did such stuff. If you choose to look around, be certain you are getting what you're after.
1) Don't trust them on the ratio, check it.
2) Don't consider buying one they will cut out of the vehicle for you (though, you could check ID for ratio, on the door jamb, not on the pumpkin), unless they'll do it for no money up front.
3) Put it up on two concrete blocks, turn the pinion yoke by hand. It should turn smoothly in both directions, no "raspy" or grumbling sound, otherwise, reject it.
4) Check if out of car, that overall width is correct, and mountings in right places. imp