Sent this over to the dev for troubleshooting. I noticed another person who had issues ended up deleting all files except for the wallet and had no issues when it loaded a second time.
wallet version 1.16 error under WinXPsp3
MintCoin version v1.16.0.0 (2015-03-09 20:54:40 -0400)
Using OpenSSL version OpenSSL 1.0.1h 5 Jun 2014
Startup time: 03/17/15 14:37:58
Default data directory C:\Documents and Settings\maxor\Application Data\MintCoin
Used data directory C:\Documents and Settings\maxor\Application Data\MintCoin
dbenv.open LogDir=C:\Documents and Settings\maxor\Application Data\MintCoin\database ErrorFile=C:\Documents and Settings\maxor\Application Data\MintCoin\db.log
Error: Couldn't open socket for incoming connections (socket returned error 10047)
Bound to 0.0.0.0:12788
Loading block index...
Opening LevelDB in C:\Documents and Settings\maxor\Application Data\MintCoin\txleveldb
Opened LevelDB successfully
ERROR: CTxDB::LoadBlockIndex() : Failed stake modifier checkpoint height=1300001, modifier=0x646ff02170741367