Grand Theft, Petty Theft

A minor academic note this evening, and a bit of common sense. The difference between grand theft and petty theft is one of value (that is, the value of what was stolen). Usually, the monetary boundary is fairly low, around $250 – $400 (theft below this amount is “petty”, theft above this amount is “grand”), but in some states the amount can be as high as $1,000. And of course, the greater the value of the property stolen, the greater the punishment.