AA grade :  The grain is fairly straight, no sapwood or checks in the piece.   Sometimes called "Bearing grade"
A grade: The grain may have some movement, most or all sapwood gone when turned round, no checks.  (Bowl blanks have a small amount of sapwood on one or two edges and can be turned off or left on for effect.)
Figured: Like A grade but has figure in it. No defects, may or may not have sapwood.
B grade: A good piece, and the sapwood varies from 15-40%.  No cracks, possible small tight knot. Excellent Value, and offers a contrasty look. Requests for high sapwood will be allowed, (not for low sapwood).
C grade:  The piece has some deep checks and would reguire some superglue to fix them, if you can't cut around them.  Even if you have to cut these to smaller sizes, they are still very inexpensive.  Priced to move.

The pieces below have been color coded to easily see the grade:

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Probably the largest selection of genuine lignum vitae turning blanks in North America!! Lignum Vitae pen Price: $3.00 Qty:  Lignum Vitae pen blanks Blowout on 50 or more! Price: $1.50 Qty:  Lignum vitae (genuine) 1 x 1 x 10 A grade Price: $8.70 Qty:  Lignum vitae (genuine) 1 x 1 x 10 AA grade Price: $12.50 Qty:  Lignum vitae (genuine) 1 x 1 x 12 with constrasting sapwood B grade Price: $6.25 Qty:  Lignum vitae (genuine) 1 x 1 x 12 A grade Price: $10.40 Qty:  Lignum vitae (genuine) 1 x 1 x 12 AA grade Price: $15.00 Qty:  Lignum vitae (genuine) 1.25 x 1.25 x 10 A grade Price: $13.50 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 6 with constrasting sapwood B grade Price: $7.00 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 6 A grade Price: $11.80 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 6 AA grade Price: $16.90 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 9.75 A grade Price: $18.50 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 10 A grade Price: $19.50 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 10 AA grade Price: $28.00 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 12 with constrasting sapwood B grade Price: $14.00 Qty:  Lignum vitae (genuine) 1.5 x 1.5 x 12 A grade Price: $23.50 Qty:  Lignum Vitae 1.5 x 1.5 x 12 AA grade Price: $33.75 Qty:  Lignum vitae (genuine) 1.75 x 1.75 x 8 A grade with wave figure Price: $28.00 Qty:  Lignum Vitae 2 x 2 x 12 C grade Price: $16.50 Qty:  Lignum Vitae 2 x 2 x 12 C grade Discount for 4 or more! Sale Price: $8.00 Qty:  Lignum Vitae 2 x 2 x 12 B grade with contrasting sapwood! Price: $25.00 Qty:  Lignum Vitae 2 x 2 x 12 B grade Discount for 5 or more! Price: $21.00 Qty:  Lignum Vitae 2 x 2 x 12 A grade Price: $41.50 Qty:  Lignum Vitae 2 x 2 x 12 A grade Discount for 3 or more! Price: $35.00 Qty:  Lignum Vitae 2 x 2 x 12 AA grade Price: $60.00 Qty:  Lignum Vitae 2 x 2 x 12 AA grade Discount for 3 or more! Price: $50.00 Qty:  Lignum vitae (genuine) 2 x 4.5 x 4.5 bowl blank A grade Price: $35.50 Qty:  Lignum Vitae 2 x 5 x 5 B grade with contrasting sapwood, no checks! Price: $25.00 Qty:  Lignum Vitae 2 x 5 x 5 A grade Price: $41.50 Qty:  Lignum Vitae 2 x 5 x 5 A grade  Discount on 3 or more! Price: $36.00 Qty:  Lignum Vitae 2 x 5 x 5 AA grade Price: $62.50 Qty:  typical sample pieces shown.  A grade has just a little sapwood on edges. Lignum Vitae 3 x 5 x 5 A grade Price: $65.00 Qty:  Lignum Vitae 4.5" x 4.5" x 19"  small tight pith check one end. Technically, this is B grade due to the check. Price: $300.00 Qty: