The 3-cent FIPEX commemorative stamp was first placed on sale on April 30, 1956, in New York, New York. The issuance was in conjunction with the Fifth International Philatelic Exhibition (FIPEX), held in the New York Coliseum, New York, from April 28 to May 6, 1956.
The central design features the New York Coliseum with Columbus Monument in the left foreground. The denomination "3c" appears in the upper left corner and "US Postage" is placed in the top right half of the stamp. Arranged in four lines beneath "US Postage" appears the wording, "Fifth International Philatelic Exhibition" in dark Gothic. The lettering "New York Coliseum 1956," arranged in one line at the bottom, identifies the building above it. All lettering is in whiteface Gothic with the exception of the inscription.
The stamp is 0.84 by 1.44 inches in dimension, arranged horizontally, printed by the rotary process, electric-eye perforated, and issued in sheets of fifty. The color of the stamp is purple. The printing of 120,000,000 stamps was authorized.
Postal Bulletin (March 27, 1956).