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Despite a number of incredible bottles on the market these days, rum is still very much the underdog of the sipping spirits world. When barrel aged, it can be every bit as complex, pleasing, and collectable as bourbon, Scotch, or cognac. But this lack of attention is a good thing for us—for now, anyway. While some have already achieved Pappy-like status, many bottles of the best rum can be had for less than $50.

While rum is more well-known as a warm-weather spirit, popular in tiki-style drinks or sipped neat, there’s no wrong time of year to enjoy this spirit made from fermented and distilled sugarcane or molasses. There’s also no disputing the popularity (and history) of the spirit in Caribbean islands like Puerto Rico, Jamaica, Cuba, and Barbados. However, you can find distillers all over the world, from Louisiana to the Philippines.

Hand holding dram of bourbon