What constitutes theft of lost property in the first degree?

The classification of theft of lost property in the first degree is determined by the value of the property involved. In this case, theft of lost property is categorized as exceeding $2500, which signifies that the individual is charged with a more serious offense given the higher value of the property stolen. This threshold is significant because many legal systems differentiate the severity of theft crimes based on the monetary value of the property taken, establishing larger penalties and consequences for higher-value thefts.

The stipulation that the value must exceed $2500 implies that the law aims to address more serious offenses with more stringent legal repercussions. This serves to protect individuals' rights and property, ensuring that higher-value thefts are treated with the appropriate level of legal seriousness.

The other options represent lower thresholds for what constitutes first-degree theft of lost property, but they do not meet the minimum standard established by law for categorizing the crime as first-degree. Thus, they correlate with lesser degrees of theft, showcasing the legal system’s focus on the value at stake when determining the severity of the offense.