Depends of a lot of things (like hardware specifications, which you did not tell us

) and what you want to use that machine for (which you also did not tell us...

). If it's for a server, any Linux will do... if it's for desktop (text editing, web browser) then still, most Linux will do without X. Now, if you want X server _and_ an installation only with floppies, there's a Linux distribution which does it and I use it myself. It's called Grey Cat Linux.