It sounds like the cost of the air tag would kick the value over 200. Not sure if stealing it by proxy would be considered.
When I was a kid my dad picked up a bunch of political signs AFTER the election to use as free range targets. A cop stopped him and gave him a hard time but nothing came of it.
Yeah, even his best estimates put him over the dollar threshold. His "they're $3 on etsy" argument is equally stupid anyway. It's like arguing "air jordans" are available cheap on aliexpress, and trying to calculate the value from there. Official signs, from the campaign, $20/each. That's felony theft territory.