I have two irons that I regularly use. One dry, one for steam. The steam one is a Bernina Pro Glide that I got at some long ago quilt show for a deal price. It's got to be over 12 years old, and I've never had a problem with it.
The dry iron is a Black and Decker, and I'm sure I paid very little for it, and that it's even older than the Bernina. It too is a faithful servant, though I sometimes think it's not quite as hot as it once was.