A United States Marine at the time, he competed in the men's heavyweight event at the 1960 Summer Olympics.

In his first Olympic bout, Price defeated Ron Taylor of Australia, but he lost to Josef Němec of Czechoslovakia in the quarter-finals.

Percy Price, age 33, returned to the ring to win the Armed Forces Boxing Championships at the Philadelphia Sports Arena.

In front of a capacity crowd including world heavyweight champion Joe Frazier, Price, 222, won a three-round decision over 20-years Duane Bobick, 199.

However, he won numerous military boxing titles, and also completed two full combat tours of duty in South Vietnam as a Marine platoon leader.