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What truly rare coin can be had for a hundred bucks?

Use your own definition for "truly rare."
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But to answer your question exactly, they can also be had in dealers inventory, raw- for about $100. or less.
Graded with PCGS, some would holder out at MS65 or MS66 and can yield a tidy profit.
peacockcoins
<< <i>A few in the Buffalo nickel series (example a 1915-S, the 1917 D&S, the 1918 D&S or the 1919 D&S plus a few others) or a lower grade Barber quarter like say a 1901-O or a 1909-O in about VG. >>
I wouldn't call any of those rare. Not even scarce really.
-Paul
Coin Rarities Online
<< <i>A cherrypicked one! >>
This!
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Edit: cherrypicked, that is.
My icon IS my coin. It is a gem 1949 FBL Franklin.
<< <i>A cherrypicked one! >>
Also worn late date trimes which have mintages under 1k.
A lightly toned Morgan dollar (using the scale Rare --> Medium --> Well Done).
My Adolph A. Weinman signature

In fact, I'd sell it for a lot less than $100.
http://www.shieldnickels.net
I think there are some other ways as well but US coins are too much of a known quantity
to find truly underpriced rarities. There are probably still thousands of world coins that aren't
available and people don't know it because they've never been collected.
Most world coins have primarily been "collected" in the US and coins made since WW II have
been mostly ignored. There's a strong tendency for them to either be excessively common or
quite scarce. Most of them are cu/ ni because aluminum coins and copper were low denomina-
tion so a few people could save large quantities but there is even rare aluminum out there as
attested by early E German coinage. China also has some very hard to aluminum.
It's really hard to distinguish the common from the rare until the price goes up a few hundred
fold but if you can then there are still some incredible bargains out there. Even many major
countries like Great Britain where you'd expect all the moderns to be easy have a few surprises.
Forget a hundred bucks; some of these coins are three for a dollar (if you can find them at all).
Coin Rarities Online
1812 single leaf CBH
R.6 VG10net
$127 off of ebay, includes shipping
August, 2007
zap
102 capped bust half dollars - 100 die marriages
BHNC #198
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
World Collection
British Collection
German States Collection
<< <i>How about this ebay auction! >>
Holely bat poop batman. A VF 88/7 with a bold rim cud
This 100+ year old copper PCGS PR63BN has a Guide Book price of $175 with a total mintage of 1,985. And the total population of PCGS slabbed BN Proof Indians for this year was only 32. That's a very high rarity factor for a very low $$$ outlay.
My Coin Blog
My Toned Lincoln Registry Set
It happens for melt sometimes too , you don't have to spend $100. Although I have to say I haven't sent it in yet to be positive.
not a US coin but still
<< <i>
<< <i>How about this ebay auction! >>
Holely bat poop batman. A VF 88/7 with a bold rim cud >>
Sheesh... you know I cherrypick a lot of Indian cent varieties from eBay, but that is one I have very rarely looked for. The linked auction is the sort of thing I dream about.
To answer the OP's question, many of the late date (2001 and later) zinc cents in my clipped date set are extremely rare, with known populations you can count on one hand with fingers to spare, yet they can be had for well under $100. It is a simple function of supply vs demand, it doesn't matter if only four pieces of a thing are known if only three guys are interested in buying them.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Yes, and only $47 (free shipping). I sold it at the Dallas show for nearly $10,000
<< <i>How about this ebay auction! >>
Great pick, Rick! Congratulations and congratulations to the new owner!
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>A cherrypicked one! >>
<< <i>The other three are junk. >>
I have to know how high was your nuke bid?
Drunner
<< <i>A circulated 1950-D Jefferson -- say, a fine 12 ???
Drunner >>
Excellant !
Tough reverse CUD
This is the S/s Variety
Experience the World through Numismatics...it's more than you can imagine.