The third International Stamp Exhibition for 1926 was to be held at the Grand Central Palace, NY, NY during October, and to add to its interest the Post Office Department was persuaded to install not only a branch post office but to set up a flat plate printing press and actually print some stamps. These white Plains commemoratives being due to appear during that month the Department decided to make special plates for this stamp and publicly print them during the show.

One of the great New York landmarks that has been lost to us, the Grand Central Palace occupied the west side of Lexington Avenue between 46th and 47th streets. Between 1911 and 1953 its primary use was for trade fairs, and was the home of the 1926 Stamp Exhibition. By the time of the last exhibition the building was looking the worse for wear. Many attempts had been taken to sell it or convert it. Twice in its history it nearly became a post office.

From 1953 to its demolition in 1964 it was all office space. It was replaced by a 47-story office building.