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<p>[QUOTE=&quot;900fine, post: 797850, member: 6036&quot;]By 1857, there was no more need for fractional gold, thanks to the exploits of the new San Francisco mint - established 1854. </p><p><br /></p><p>For that reason, the vast majority of California Fractionals <b>after 1857</b> were <b>not intended as circulating coinage</b>, but rather as <b>souvenirs</b>. Small wonder we often find &#039;em in jewelry.</p><p><br /></p><p>California Gold Fractionals 1852-1857 are known as Period One, while 1858-1882 are Period Two. I suppose some Period Two &quot;coins&quot; circulated, but they were impractical as you mentioned - and necessary, since silver 10c, 25c, and 50c were now freely available.[/QUOTE]</p><p><br /></p>

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