Corvette Buying 101


As far back as anyone can remember, car owners, for whatever reason, tire of the color of their car and repaint them a different color and that is not a problem but now and for well over fifteen years, several people or companies have made repro trim tags that generally are used to defraud the buying public; ie. counterfeiting. The trim tag is part of the DNA of the car and can be decoded to determine body build date, paint, trim, and options that could be available on that particular car. The trim tag is a General Motors protected trademarked registered item and it is highly unlikely that they, GM, issued a license agreement to anyone to “reproduce.” warning: Replacing trim tags in some states is contrary to law as a repro trim plate has little to do with restoration but more so with fraud.

**2003 marked the advent of published knowledge to determine without a doubt the originality or lack thereof of a trim plate, thanks to the efforts of NCRS (National Corvette Restorers Society) and its membership.

First and foremost, buy the Corvette that you like and look for your ROI (return on investment) to be increased utilizing the fun factor as there is an amount of pleasure return that no paper folio will ever match. If your number one reason is an investment, you should probably apply for a dealer’s license and don’t forget what has been happening in the real estate market to the “flippers” in Las Vegas, Arizona, Florida, and other hot real estate markets.

This is a subject of intense interest as the value of collector cars soars. I wanted to provide some insights about this and hopefully clarify some misunderstandings.

I’ve attached the National Corvette Certification Board’s (Bloomington Gold judges) policy and it pretty much mirrors my policy and thoughts over the past 20 years.

First of all, many people believe that a Corvette must have its original engine to qualify for a Bloomington Gold Certificate. In reality, that is not necessarily true.

If the engine stampings and the rest of the engine appear to be within 95% of they way they would have appeared at the day of production, there is no problem. In other words, if a restorer has accurately reconstructed the engine and stampings to the point that it appears no different from factory, it will pass. But it needs to be accurate to the gnat’s eyebrow.

For example, our “Last” Corvette has an accurately restored engine (which is no secret) and has easily passed the Bloomington Gold standards.

On the other hand, if the inspectors can easily detect differences in the configuration or finish of the engine block, it will not qualify for a Gold regardless of its overall score or cosmetic perfection. Therefore, even though “the numbers might match”, the differences in shapes of the stampings (compared to factory) will be detected by experts. And Bloomington Gold has the judges, technology, and records to do this very reliably.

Unfortunately, some less experienced judges (or over zealous “experts”) can out-fox themselves by not knowing how to distinguish between inaccurate stampings and factory “flukes”. If a judge makes such a mistaken identity, it may defame the automobile and engine in question. This is a disservice to the owner, but more importantly to the automobile and even the industry in general.

So what is the difference between accurately restoring an engine stamping and counterfeiting one? For this answer, I’ll defer to Bloomington Gold’s definition which has been their policy for decades. It is also one that I strongly support.

From Bloomington Gold’s Procedures and Protocols, page 4/5.

RESTORATION vs. COUNTERFEIT
It is not Bloomington Gold’s policy to “look for counterfeits”. However, if a counterfeit engine, trim tag or VIN is discovered, our policy subjects the owner to immediate disqualification and ineligibility to participate in future Certification events. If a Bloomington Gold judge is aware of such a counterfeit, he is required to advise the Division Director. Furthermore, if any Bloomington Gold judge is found to be associated with a Corvette entered in Certification which is determined to be counterfeit, he is subject to immediate and permanent dismissal from the National Corvette Certification Board.

Bloomington Gold does not necessarily consider “re-stamping” to be counterfeiting. If the “re-stamp” was done with the intention of restoring or replacing the original numbers rather than deceiving, Bloomington Gold does not consider that to be counterfeit. Bloomington Gold uses Webster’s Dictionary to define:

restoration: “To renew; to put back into existence or bring back to a former or original state.” For Example:
1. Repainting an original Tuxedo Black Corvette with Tuxedo Black paint.

2. Restamping an original block with the same CID/Suffix/VIN as that block had when it left the factory.

counterfeiting: “To make an imitation of something else with the intent to deceive or defraud.” For Example:
1. Repainting an original Glen Green Corvette with Riverside Red paint and changing the trim tag so it appears it left the factory as a Riverside Red Corvette.

2. Replacing the engine in a small block Corvette with a big block and making the CID/Suffix/VIN stampings appear that the Corvette left the factory as a big block.

3. Replacing the carburetor on an engine with a fuel injection unit and altering the block numbers and suffix code to make it appear it left the factory as a fuel injection Corvette.

Copy from existing material excerpted from Certification Guidelines
Note: Reprinted with copyright permission from Bloomington Gold

BUY THE BEST CORVETTE you can afford Today, because the Corvette you buy is the Corvette you’ll have to sell Someday

BUY COSMETICS - - Buy paint and chrome, unless you have a shop and knowledge to control your costs.

RESEARCH - - Arm yourself with knowledge provided in the many Corvette publications.

DON’T TRADE OFF COSMETICS FOR A NUMBERS MATCH DRIVETRAIN - - It will always cost you more to restore (paint, trim, chrome, etc.) a Corvette needing restoration vrs. putting the proper numbers motor back in your vehicle if that’s your venue. Numbers have become secondary to cosmetics and it’s about time (full circle)

REALIZE THAT CORVETTES ARE OLD CARS - - Whether it be any 5, 10, 20, 30 year old car- They are just old cars. They require more attention than that new Chevy or Ford setting in your driveway especially if you don’t take them for daily or weekly workouts. The best running and most reliable automobiles are those used on a regular basis.

THE MOST IMPORTANT IS GO OUT AND HAVE FUN - - DRIVE YOUR CORVETTE - - Join a club. Go to Cruise-ins. Put your Corvette in local shows (but don’t take it personal). Wave at other Corvette owners- Enjoy!

BUYING ONE CORVETTE is the beginning of a collection and buying your second is never the end.

ANYTHING 1967 - - Super Popular Year. High Water Mark! People who advertise a 1967 Corvette for sale have their phones ring off the hook. We do!! “The Holy Grail”

1958 - ‘62 - - Very popular with boomers in their late 40’s and 50’s. Four headlights and a trunk!

1968 - ‘72 - - Very affordable chrome bumper cars - ENTRY LEVEL - but for how long could be anyone’s guess. Probably will be best buy for someone wanting to drive a Corvette free for 3 to 4 years.

1963 SPLIT WINDOW COUPE - - ONE YEAR ONLY - Always been popular milestone car. Every collector needs at least one!

1965 - ‘66 - - Good cars, disc brakes. Next best thing to a 1967 but more affordable.

1953 - ‘55 - - For a serious collector who just, “gots to have one!” - Not much of a ride but a great conversation piece first generation Corvette. Every real Corvette collector has one!

1956 - ‘57 - - Single headlights - 13 tooth grill - top fender scoops- waffle seats and door panels strong styling

1973 - ‘75 CONVERTIBLES - - rubber bumpers. Very affordable for someone that must have an older convertible.

1978 - - Silver Anniversary or Pace Cars. Try to buy 4 speeds, L-82’s, and/or low miles very popular with the working man or woman.

1982 - - Collector Edition - First year of crossfire injection, two-tone paint, hatchback, and last year of ‘68 to ‘82 body/frame configuration. Also, first year the Corvette MSP hit over $20,000.00 buy low miles.

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