You touch a common, non magical item, and you know the lowest price that it should be sold for at a common marketplace. This does not means that it needs to be sold for that amount.
At Higher Levels. If you use a 3rd level spell slot or higher, you may appraise a common magical item instead. If you use a 4th level spell slot or higher, you may appraise an uncommon magical item. If you use a 5th level spell slot or higher, you may appraise a rare magical item. If you use a 6th level spell slot or higher, you may appraise a very rare magical item. If you use a 7th level spell slot or higher, you may appraise a legendary magical item. If you use an 8th level spell slot or higher, you may appraise an Artifact.
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