5 Best Rums Under $40

2. Mount Gay Black Barrel Rum

Insider Monkey Score: 11

Price: $39

Crafted from a blend of intense and aromatic rums, this rich, complex, yet smooth expression is aged in American whiskey casks for an unspecified amount of time and then finished for six months in deeply charred Bourbon casks.

Mount Gay Rum, the oldest, most storied rum in the world, has been produced in Barbados with passion and unparalleled craftsmanship since 1703, thus earning it the title ‘the rum that invented rum’.

In 1989, the French spirits company Rémy-Cointreau acquired the majority ownership in Mount Gay Distilleries, Ltd, and still owns the brand to this day. The alcohol giant has invested heavily in Mount Gay over the last decade, including a $19 million refinery in 2014 and a $9.7 million plantation the following year.