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Larceny of property less than an amount fixed by statute. The taking of property of small value. Under the common law, larceny where the value of the property stolen was twelve pence or under. If the value exceeded twelve pence, the crime was grand larceny. Both offenses were felonies and were distinguished by the punishments inflicted, that of grand larceny being death, and of pent larceny whipping or some other corporal punishment.