Old Grand Dad 114
Price: $26
Old Grand Dad, the number three on our list of best bourbons under $50 is produced by Beam Suntory at the Jim Beam plant in Clermont and the 114 is the best bourbon in this line-up. Aged for six years and bottled at 114 proof, this bourbon contains 27% rye, which gives it a spicy taste. The aroma contains elements of dark fruit, vanilla, and dark caramel, which are also present in the palate.