Ran into a guy with a 95 cobra. Said it was a limited edition (497 or something made) Convertible hardtop. It had a removable hardtop that almost looked factory, and underneath was a standard rag top. Said back at his office he has papers of authenticity.
Also, as taken from the "SVT Archive" section at www.svt.ford.com (select "view specs" after choosing "95 Cobra" from the available selection of SVT vehicles:
This model year was the only year for the convertible hardtop, and with only 499 models available, it has become a sought after collectible. 1995 was also the last year for the well-known 5.0L, which is another feature creating a demand for some collectors. Another feature new for 1995 was the addition of SVT badging.