Large Language Models (LLMs) show promise for automated grading, but their outputs can be unreliable. Rather than improving grading accuracy directly, we address a complementary problem: \textit{predicting when an LLM grader is likely to be correct}. This enables selective automation where high-confidence predictions are processed automatically while uncertain cases are flagged for human review. We compare three confidence estimation methods (self-reported confidence, self-consistency voting, and token probability) across seven LLMs of varying scale (4B to 120B parameters) on three educational datasets: RiceChem (long-answer chemistry), SciEntsBank, and Beetle (short-answer science). Our experiments reveal that self-reported confidence consistently achieves the best calibration across all conditions (avg ECE 0.166 vs 0.229 for self-consistency). Surprisingly, self-consistency remains 38\% worse despite requiring 5$\times$ the inference cost. Larger models exhibit substantially better calibration though gains vary by dataset and method (e.g., a 28\% ECE reduction for self-reported), with GPT-OSS-120B achieving the best calibration (avg ECE 0.100) and strong discrimination (avg AUC 0.668). We also observe that confidence is strongly top-skewed across methods, creating a ``confidence floor'' that practitioners must account for when setting thresholds. These findings suggest that simply asking LLMs to report their confidence provides a practical approach for identifying reliable grading predictions. Code is available \href{https://github.com/sonkar-lab/llm_grading_calibration}{here}.

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