Most coveted? Not since 2009. Since then it means less than a participation trophy.
I can think of four trophies right off the bat that are better than NPP...
1...NCAA basketball championship
2...MLB World Series trophy...
3...My son’s Little league Championship trophy from years ago...
4...Just about any other little kid’s sporting event championship trophy (not participation type)...
Even before 2009, they gave one to Al Gore for a bad propaganda film. Sadly the Nobel Peace Prize is just a bad joke nowadays. Sad, because it used to actually mean something.