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1978 was significant because it marked the cars 25th anniversary of production. Recognizing the achievement of manufacturing a car for a quarter-century, Chevrolet commemorated this accomplishment by introducing two special-edition Corvette that year.  The first of these was known as the "Silver Anniversary" edition Corvette.  It featured a two-tone silver over gray exterior with special pin-striping and special "25th Anniversary" badging.
While not exactly a "collector's edition" Corvette in its own right, it nonetheless has become a uniquely identifiable and collectible Corvette from the fourth-generation era. 1988 marked the 35th anniversary for Corvette, and so it was decided that Chevrolet should commemorate the milestone by introducing an anniversary-edition model. This anniversary car was the first of its kind in a decade, given that Chevrolet opted not to manufacture a Corvette in 1983.