Larceny is often classified as petty or grand, depending upon the:

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Larceny is classified as petty or grand based on the value of the stolen property. Petty larceny involves theft of property with a lower value, whereas grand larceny involves theft of property with a higher value. Factors such as the time of the crime, the person from whom the property was stolen, and the court to which the case was referred may be relevant in determining the severity of punishment, but do not determine whether the crime is petty or grand larceny.

Larceny Is Often Classified as Petty or Grand, Depending Upon