The Collaborative International Dictionary of English v.0.48:

Appraise \Ap*praise"\, v. t. [imp. & p. p. Appraised; p. pr. &
   vb. n. Appraising.] [Pref. ad- + praise. See Praise,
   Price, Apprize, Appreciate.]
   1. To set a value; to estimate the worth of, particularly by
      persons appointed for the purpose; as, to appraise goods
      and chattels.
      [1913 Webster]

   2. To estimate; to conjecture.
      [1913 Webster]

            Enoch . . . appraised his weight.     --Tennyson.
      [1913 Webster]

   3. To praise; to commend. [Obs.] --R. Browning.
      [1913 Webster]

            Appraised the Lycian custom.          --Tennyson.
      [1913 Webster]

   Note: In the United States, this word is often pronounced,
         and sometimes written, apprize.
         [1913 Webster]