One thing that fascinates me about California fractionals is the air of fraud they have. Right from the very start, they were underweight by 20-30% compared to mint issued coins. They filled an opportunistic niche created by the scarcity of small change. After the 1850's they lost any importance as money, but they soldiered on as early California souvenirs and keepsakes.
I dredged the internet for information on the engravers, many of whom were French. Deriberpe shows up on the fringes of the law in France, disappears for a decade, reappears in San Francisco in the early 1850's, then disappears forever. His initials are seen on many of the early dollar coins.
I haven't picked one up for a while. They're not as inexpensive as they used to be.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
10/11/2020 3:52 pm