As Stamps1962 says, Minkus albums were made to sell to a particular price point, and that point was aimed below Scott albums, their main competitor. Minkus albums were less expensive because their paper was thinner and their binders may have been less sturdy, as well. And for their worldwide albums, the excessively enormous size clearly puts a strain on the hinges in ways smaller binders would not have. The albums also get dropped more easily. And in a filled binder, the pages bulge out against the spines, breaking them. They were certainly not designed for extremely long-term use. I own dozens of Scott albums and dozens more Minkus albums, and the latter are nearly all ripped along the hinges and otherwise worn.
You can "rescue" an old binder without having an experienced bookbinder redo the hinge and touch-up the color which is going to be much too expensive. I've had some luck with my own repairs to some of my album binders.
If I have an otherwise good looking album with a weak hinge or some other minor problems, here's what I do to keep it looking good:
To reinforce the hinge area, I use "gaffer's tape" that matches the color of the album pretty closely. Do NOT use "duct tape" for this. The glue will eventually leak and with an album filled with stamps, that's not going to be good. Also, duct tape is designed to be torn by hand, so it's not all that sturdy. Cloth gaffer's tape is what you want. It seems to hold well and I've found it lasts.
For Scott binders, I use dark blue or dark green in 1" or 1.5" widths. For Minkus, get whatever color you need (black I think).
ebay and
Amazon both sell this tape.
I apply one continuous piece along the outside of the hinge, bending it inside the album about an inch or so at top and bottom of the hinged area before cutting it. Use sharp scissors so all cuts are neat and tidy. Then I trim any excess away from the rod opening inside the cover by using a very sharp cutting tool or sharp scissors again, being careful to be very neat.
Apply another long piece, but somewhat shorter, to the inside of the hinge. Cover the "inch or so" of the other tape at top and bottom, but go no further. This way, the entire inside and outside of the hinged part of the binder gets new tape to strengthen the hinge.
It's important to be sure the album will still close and open, so test the flexibility after the first piece of tape is applied and adjust as needed. After the tape is applied, I sometimes close the binder and let it sit for awhile to stretch the tape a little and make it open and close easily. Using a hair dryer along the tape will soften and help stretch it if you need to do that.
For areas at the very top and bottom of the spine where color has worn away, I use a matching color 'Sharpie' or other permanent marker very carefully and in small amounts to darken the fabric back to its original color. I would not try to add any new color elsewhere as it's going to look messy and unappealing -- except for very small amounts of missing color.
For small amounts of missing color, you can "dot" the Sharpie into that area very judiciously and it will fool the eye enough to look better. Don't "wipe" or smear it as that will be very visible. Just use "dots" since you're not filling the area, just darkening it a little. Don't go wiping marker color all over the album cover. That will look awful.
On some older Yvert & Tellier albums I have, I was able to restore the shiny black paper covered boards and the red cloth corner pieces pretty much the same way but more extensively. For areas where the shiny black cover paper had ripped off, I painted on new gloss black paint which matched the color of the cover. A few coats. For the red corners, I masked off the edges of the surrounding area and used dark red permanent markers to color the missing red. Once it was all dry, the albums now look close to new from a few feet away. The cost was negligible and fun to do.
On a Minkus album, painting may not work because the material is cloth and you have the red and gold to contend with. But you can certainly experiment on your worst binder and see if you can manage it. You could mask off the rest of the album, and spray or brush paint the front and back covers and see what you end up with. Spray painting is pretty messy if you're not careful (work outside!), but you do get a smoother surface without brush marks. You might need to apply a primer first for the new paint to adhere to, and before that you'd need to clean the covers first with a degreaser to get it all to stick. Rubbing alcohol is a good degreaser. Let us know if you do. Otherwise, except for hinge repair and some minor coloring of worn areas on the spine, I'd just live with it.
The alternative (but much less fun) would be to buy brand new binders which will instantly solve your problem. Or buy used but good condition Minkus binders on
ebay.
Have fun. That's the whole point.