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Chevrolet knows their clientele, and with the 1996 Corvette Collector's Edition LT4, the automaker put together a special package that would entice hard-core 'Vette fans with a unique tribute to the outgoing C4 model. The $1250 option brought unique Sebring Silver Metallic paint, 5-spoke wheels, and, of course, special badges and embroidery. It also received the upgraded LT4 powerplant available in the Grand Sport, and with 330 horsepower on tap.
To celebrate the departure of the third-generation Corvette, Chevrolet decided to offer a final commemorative “Collectors Edition” model. However, recalling their experience with the 1978 Pace Car Replicas it was decided that the 1982 Collector Edition Corvettes would be built only “as needed” to satisfy customer orders and that they would get unique vehicle identification plates to help deter someone from turning a standard car into a Collectors Edition knock-off.
Priced at an additional $3250  for the coupe or an additional $2880 for the convertible, the Grand Sport package included exclusive Admiral Blue paint and featured a single white stripe that ran the length of the body as well as two red accent stripes (also known as “Sebring Stripes”) on the driver side front fender.  This unique paint scheme was deliberately developed by GM to pay homage to the classic Corvette Grand Sport Racer of the 1960’s.