Not common to see a varnished luan set-too labor intensive and hard to grain match.
I don't think this is the case any longer. I purchased a Pulse Pro Lacquer kit from Musicians Friend about 3 - 4 years ago. Beautiful lacquer finish job an these drums and the inner and outer plys run horizontal with a nice, tight grain and appear to be the same wood. The shells are very nicely finished inside and out, unlike the older stencil kits with their course inner plys.
5 piece, all hardware on the kit has gaskets, RIMS style mounts on the rack toms, heavy duty Pearly type tom mounts, natural lacquered maple kick hoops, etc... It was $350.00 delivered and even included a kick pedal, hihat stand and two cymbal stands with some really cheesy cymbals . Granted, the above hardware is very light duty, but it all functions and is still being actively used. I donated the kick pedal and hihat stand to the school where I work and it's been abused for the last 3 or so years by high school drummers.
I guess what I'm saying is, you can get some serious bang for your buck with imported instruments these days and they aren't cutting the corners like they used to.
Here's a couple pics of my recent guitar purchase. Made in Korea, flamed maple top (real wood), mahogany body, abalone inlays, triple binding on the body (single on headstock and neck), set neck, etc... all for under $400.00. This thing is solid, decent quality wood (weighs about 11 pounds). Sounds great and plays well (with a little bit of work).
[IMG]http://img42.imageshack.us/img42/8618/img0308r.jpg[/IMG]
[IMG]http://img197.imageshack.us/img197/1575/inlay1.jpg[/IMG]
Modern manufacturing techniques have put countries like Korea and now China in the same ballpark as the rest of the world. The difference is the cost of labor.
Okay sorry about the hijack... back to the mystery drums :)