I bought one of the 25X50's when they first came out. Right around 1990 or so, if memory serves me right. I think the one I had was a Gold Ring model that was made in the USA, but I would not swear to that. They also had a great tripod where the legs screwed into themselves to carry. The scope and tripod were very compact. The glass was decent, but not top notch. I could see bullet holes out to about 200 yards, and I wanted better, so I upgraded.
Leupold has marketed alot of spotting scopes. Some USA made, and some made who knows where. Be careful in what you buy.
Take a look at the Minox spotters. Same price, slightly better glass IMO.
I did keep the Leupold tripod, they are fantastic.
Below is a picture of the Leupold spotter I had. It was light and easy to carry. And for 100 yard shooting it worked just fine, plus was easy to use in the field. I probably should have kept it. Tom.