The Collaborative International Dictionary of English v.0.48:

Covet \Cov"et\ (k?v"?t), v. t. [imp. & p. p. Covered; p. pr. &
   vb. n. Coveting.] [OF. coveitier, covoitier, F. convoiter,
   from a derivative fr. L. cupere to desire; cf. Skr. kup to
   become excited. Cf. Cupidity.]
   [1913 Webster]
   1. To wish for with eagerness; to desire possession of; --
      used in a good sense.
      [1913 Webster]

            Covet earnestly the best gifts.       --1. Cor.
                                                  xxii. 31.
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            If it be a sin to covet honor,
            I am the most offending soul alive.   --Shak.
      [1913 Webster]

   2. To long for inordinately or unlawfully; to hanker after
      (something forbidden).
      [1913 Webster]

            Thou shalt not covet thy neighbor's house. --Ex. xx.
                                                  17.

   Syn: To long for; desire; hanker after; crave.
        [1913 Webster]