Yes its pretty disappointing. If I had known this about MC I would never have purchased my wallet. I am thinking of just consigning my wallet as I have fallen out of love with the line. I mean I love the line in the sense that it looks beautiful but paying the amount of money I have for a piece I expect it to last much longer. I also buy things to use them not to store them away for fear of damage. I might buy a damier or chanel wallet instead in the future.