2 oz Call of the Wild Silver Round

Canada's Five-Nines Gold Programme in Silver

The 2 oz Royal Canadian Mint Call of the Wild Silver Round is the silver companion piece to the RCM's acclaimed gold series of the same name. The gold Call of the Wild coins (2014-2020) are struck in .99999 fine gold (five nines), the highest commercially available purity. This silver version is struck in .9999 fine silver (four nines), matching the Maple Leaf standard, and weighs 2 troy ounces.

The series features Canadian predatory wildlife depicted mid-vocalisation: howling, growling, roaring, shrieking. Each annual release shows a different animal at its most fierce and vocal, designed by artist Pierre Leduc. The gold programme concluded with seven animals (Howling Wolf through Bobcat, 2014-2020), and the silver format provides access to these designs at a fraction of the gold version's cost.

For buyers who appreciate the Call of the Wild artistry but cannot justify the cost of a 1 oz five-nines gold coin (with its collector premium above standard bullion), the 2 oz silver round offers the same design work in a sovereign-backed silver format. The RCM's security features, including the micro-engraved maple leaf privy mark, carry over from the gold programme.

Call of the Wild 2 oz Silver Round Specifications

Security Features

• Micro-engraved maple leaf with year digits visible under magnification
• RCM Bullion DNA authentication system (encrypted registration)
• Precise radial lines (standard RCM security feature)
• Sealed assay card packaging

The .9999 purity places this round in the top tier for silver bullion alongside the Canadian Maple Leaf and Australian Kangaroo. The gold Call of the Wild coins are the only .99999 (five nines) gold bullion produced as a series, but the silver companion uses the standard four-nines RCM silver specification. This still exceeds the .999 purity of products like the American Silver Eagle and UK Britannia.

The gold series featured seven Canadian predators over seven years: Howling Wolf (2014), Growling Cougar (2015), Roaring Grizzly (2016), Crowned Elk (2017), Shrieking Golden Eagle (2018), Majestic Moose (2019), and Bobcat (2020). Each design shows the animal mid-vocalisation with stylised sound wave lines emanating from its mouth, capturing the creature at its most powerful and vocal moment.

Tax Position for Call of the Wild Silver

As a Royal Canadian Mint product with legal tender status in Canada, the Call of the Wild silver round receives sovereign-backed tax treatment in most markets.

Canada

GST/HST exempt as investment-grade precious metal (exceeds 99.9% purity threshold). The RCM origin qualifies this for RRSP inclusion through approved dealers. Legal tender status provides additional consumer protection.

United States

No federal sales tax. State-level exemptions apply broadly. The .9999 purity far exceeds the IRA threshold of 99.9% for silver, and RCM products are generally accepted by IRA custodians. Capital gains taxed at up to 28% (collectibles rate).

United Kingdom

Silver purchases attract 20% VAT regardless of mint origin. Not UK legal tender, so not CGT-exempt. The RCM's reputation does not provide any UK tax advantage.

Australia and New Zealand

At .9999 purity from a recognised sovereign mint, this qualifies for GST exemption in Australia (99.9% threshold) and GST exemption in New Zealand (99.9% for silver).

Singapore and Hong Kong

Singapore IPM exemption applies for .999+ silver from recognised mints. Hong Kong imposes no tax on precious metals.

Call of the Wild vs Other RCM Silver Products

The Call of the Wild silver round sits within the RCM's broader silver lineup alongside the Maple Leaf (the flagship 1 oz coin), the 2 oz Bull and Bear, and various commemorative issues.

Against the Maple Leaf, the Call of the Wild shares .9999 purity and identical security features but offers a larger 2 oz format with annually-changing wildlife designs. The Maple Leaf has unmatched global liquidity and the tightest dealer buyback spreads of any silver coin. Call of the Wild appeals to buyers who want RCM quality with design variety and collector potential.

The gold Call of the Wild programme used .99999 purity (five nines), which is genuinely unique in the bullion world. The silver version at .9999 does not replicate this distinction, as four-nines silver is shared by multiple sovereign mints. The silver round's differentiator is the artwork and series identity rather than a purity advantage.

Compared to private-mint 2 oz silver rounds, the Call of the Wild offers sovereign backing, legal tender status, RCM security features, and higher resale premiums. The tradeoff is a higher purchase premium. For investors prioritising maximum silver weight per pound spent, generic rounds cost less per ounce.