rarity

[rair-i-tee]
noun, plural rarities.
1.
something rare, unusual, or uncommon: Snowstorms are a rarity in the South.
2.
something esteemed or interesting in being rare, uncommon, or curious: That folio is a rarity that will bring a good price.
3.
the state or quality of being rare.
4.
rare occurrence; infrequency: Volcanic eruptions on the island occur with great rarity.
5.
unusual excellence.
6.
thinness, as of air or a gas.

Origin:
1550–60; < Latin rāritās thinness, equivalent to rār(us) rare1 + -itās -ity

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
rarity (ˈrɛərɪtɪ)
 
n , pl -ties
1.  a rare person or thing, esp something interesting or valued because it is uncommon
2.  the state or quality of being rare

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
His expanding list of astonishing illegal rarities included panda skins and
  snow leopard pelts.
Masterpieces are commonplace in this show and rarities are not scarce.
At one side of this herb plot were other growths of a rustic pharmacopoeia,
  great treasures and rarities among the commoner herbs.
In the pre-computer era, teenage grandmasters were rarities and almost always
  destined to play for the world championship.
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