My madison checkbook wallet has the same problem. The logo has lost almost all the gold. I have used it for about 6 months on and off, mostly on. I asked about it at Nordstrom's where I bought it and they would have replaced it, but they checked and there were no more in their system. They offered to send it in for repair, but I was unsure if it bothered me enough to go through the bother. Still not sure, but I wonder if they can't fix it or don't want to bother, if they will send me a credit and I can get another wallet?? Will have to check on that with the SA.
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