I had a few telescopes growing up. Nothing over $200 I reckon. With the last one I remember having, craters in the moon were discernable. Pretty cool. I found it difficult to get a good angle with one eye though.
My friend has some high-quality astronomy binoculars which showed an excellent view of the moon, however I couldn't see any craters. It just was a very high-resolution, somewhat magnified picture of what I already see.