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Lexingtons are readily available. $40 is a decent price for that coin, $60 is too much. I'd vote AU50, though that is more of a guess, as it is not an issue I have studied or shopped for.
I have a few classic commems, no Lexington though.
Classic Commems are hard to learn to grade, because each issue has its own learning curve. Each issue has factors such as availability, strike, high points, percentage of coins put away, that makes for a lot to learn for 50 issues.
Prices have been steadily trending down for the series. For the common issues it is a good time to be picky on quality and price.
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