A living fossil is an extant taxon that phenotypically resembles related species known only from the fossil record. To be considered a living fossil, the fossil species must be old relative to the time of origin of the extant clade. Living fossils commonly are of species-poor lineages, but they need not be. While the body plan of a living fossil remains superficially similar, it is never the same species as the remote relatives it resembles, because genetic drift would inevitably change its chromosomal structure.

Latimeria is a rare genus of fish which contains the only living species of coelacanth. It includes two extant species: the West Indian Ocean coelacanth and the Indonesian coelacanth. They follow the oldest known living lineage of Sarcopterygii, which means they are more closely related to lungfish and tetrapods than to the common ray-finned fishes and cartilaginous fishes.