No. It doesn't get lost. Frizzles generally have 1 frizzle gene as opposed to Frazzles, which have 2. Crossing a frizzle to a straight feathered hen will give you 50% frizzled and 50% smooth. Generally it is best to not cross frizzles to frizzles because then you end up with about 25% frazzles...
Breeding a tolblunt to a gold laced will give you tolblunt/gold laced splits. You can cross the offspring back to the rooster to get 50% tolblunts and 50% tolblunt/gold laced splits again.
If you cross splits to splits you will get 25% gold laced, 50% tolblunt/gold laced splits, and 25%...