The Story of Sprott Money's New Spirit Bear Gold Round

As gold prices continue to increase, gold bars, coins, and rounds become more attractive investments. Those looking to buy gold in Canada have a range of unique options. One of the newest and most interesting options is the Spirit Bear Gold Round. The first Sprott Money gold round has traits that make it an excellent addition to a precious metals portfolio. This is especially true for Canadians, who will understand and appreciate the design.

The Origins of the Spirit Bear Gold Round's Design

The design of this coin honours the Spirit Bear (moksgm’ol), which is sacred to the people of the First Nations, to whom it symbolizes peace and balance. Spirit bears are the same species as North American black bears, but they have white fur. These bears are only found in British Columbia. These unique creatures are very endangered, with only 50 to 500 left in the wild.

When fur traders came to the area in the 1800s, First Nations people went to great lengths to keep the bears secret from them. The efforts to protect these bears continue today, as does the movement to keep British Columbia's natural areas pristine. Because of its subject matter, the coin is a tribute to Canadian Heritage.

The round is part of Sprott Money's Bullion Collection. It features the namesake bear, walking in front of a Rocky Mountain landscape. The reverse side shows a maple leaf design, the round's weight (1 troy oz), and purity (.9999 fine gold). It also has the Sprott name.

The round was designed by the team at Sprott and minted by one of North America's best private mints, the Scottsdale Mint.

Important Qualities

What makes the Spirit Bear Gold round a good investment for people looking to buy gold in Canada?

• Firstly, it is always important to buy gold products from respected dealers. Sprott is one of the most reputable names in precious metals for selling, buying, and storage.
• Second, the round has the highest level of purity. Investment-grade gold bars need to be at least 99.5% pure, with coins needing 99.9% purity. At .9999 pure (99.99%), the Spirit Bear Gold Round has the maximum purity level for gold bullion.
• Third, this round is highly collectible. The unique subject matter and meaningful design for all Canadians, especially First Nations people and those who value the natural world, make this coin a good addition to any collection.

This gold product is also an excellent gift idea for a man or woman for a special occasion or the holidays.

What Is a Round?

Why is the Spirit Bear Gold Round called a "round" and not a "coin?"

Rounds and coins have the same appearance. They are circular, with a face and back, both of which have unique designs and images on them. There is one very important difference: coins are legal tender and rounds are not.

Coins are made by official government mints, like the Royal Canadian Mint, or commissioned by a government from a private mint. For example, the private Scottsdale Mint, which mints the Spirit Bear round, has produced silver coins for Ghana, Gibraltar, and Anguilla.

Because they are legal tender, the owner could technically use them to make a purchase in the country that issued them. In practice, the face value of a coin is much less than the investment value. For instance, the 1 oz Gold Maple Leaf coin from the Royal Canadian Mint has a face value of $50. It’s good to note that the spot price for 1 troy oz of gold is much higher than $50.

Rounds like the Spirit Bear Gold Round are not legal tender. However, if they meet purity standards, the value of rounds in terms of metal is exactly the same as a coin. 1 oz of .9999 pure gold is worth the same, whether it's a coin or a round.

What to Look for in a Gold Round

This leads to the most important point about choosing the best gold or silver rounds. They must be easy to authenticate. When someone sells gold products, the buyer needs to be sure what they are getting is authentic and not a copy of a popular coin or a coin that doesn't meet purity standards.

Yes, when you sell gold through reputable dealers like Sprott Money, they will authenticate it before buying. This is where government mints stand out. Like other forms of legal tender, they add anti-counterfeit features. For example, they might use micro-engraved patterns that are almost impossible to copy or give each coin a serial number.

Respected private mints like the Scottsdale Mint are similarly trusted by investors. Once buyers know the source, they will trust that it meets weight and purity standards.

Why Buy Gold?

The Spirit Bear Round has special meaning to Canadians, making it a good option for a gift or an addition to a precious metals collection. It's also a smart investment.

Why do people invest in gold?

Gold retains its value in the face of inflation and economic uncertainty. This quality makes it an excellent addition to any investment portfolio. During conflicts, disasters, or bear markets, investors often add more gold, silver, or platinum to their holdings.

Any gold products that meet investment-grade standards will give gold buyers this risk management and stability. Of course, this doesn't mean the price of gold can't go down. Like any investment, there are no guarantees with gold. Even so, its historic stability makes it a popular choice for those looking for a safe haven during rough times.

Gold Coins, Rounds, and Bars from Sprott Money?

The Spirit Bear Round is a unique offering from Sprott Money and the Scottsdale Mint. Browse Sprott Money for a range of gold, silver, and platinum products. You can have confidence that all the products we offer meet purity, weight, and authenticity standards and come from the world's best government and private mints.