Yes, coveted is a Scrabble word!
...and is worth 13 points in Scrabble, and 15 points in Words with Friends
coveted
Adjective
1. Greatly desired
Verb
1. Wish, long, or crave for (something, especially the property of another person)
What Scrabble words can I make with the letters in coveted?
6 Letter Words
5 Letter Words
4 Letter Words
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3 Letter Words
2 Letter Words