The red alga Chrysymenia saccata was first discussed by J.Agardh in 1876, and described in 1877. In subsequent publications there has been confusion about the type material, as well as the identity, and correct taxonomic placement of this species, currently referred to the genus Gloioderma. We consider the nomenclatural and taxonomic history of this species, and conclude that Chrysymenia saccata was based on poorly preserved material of Hymenocladia sanguinea. The species that was documented in detail by Sparling (1957), and is currently known as Gloioderma saccatum, is described as G. sparlingiae sp.nov.