VERY FINE APPEARANCE. ONLY SEVEN EXAMPLES OF PRICE'S EIGHTH AVENUE POST OFFICE STAMP ARE KNOWN TO US -- ALL BUT ONE ARE UNCANCELLED ON COVERS.
Although little documentation has been produced, the accepted history of the Eighth Avenue Post Office is that it was operated by James Price in 1854 and sold that year to David Russell. Price may have issued the unique Eighth Avenue Post Office stamp (Scott 63L1), which is reported to have been used in 1852; however, we do not know the basis of the 63L1 year date, because the one recorded example is on a cover without a letter, postmark or other indication of date. The portrait on the 120L1 stamp issued by Price is thought to be his own. Price's successor, David Russell, is listed at 387 Eighth Avenue in 1854 and then at 410 Eighth Avenue until 1857-58. The 1855-56 directory lists his occupation as "express" and in 1856-58 it is given as "subpost." Russell issued a stamp very similar in design to Price's.
We have located seven examples of Price's 120L1 stamp, all uncancelled, six of which are on covers (at least three did not originate). We cannot be certain this stamp originated, although the "Paid 3 cents" -- applied to the cover before the 3c 1851 was affixed -- is positive evidence that a local post was involved in bringing it to the post office for mailing. Such notations were usually made when a coin was given to the post.
Ex Caspary and Hall. With 2001 P.F. certificate as a genuine stamp but declining opinion as to usage.