The article performs an analysis of the destruction of forging dies (with two impressions for a double system) used in the industrial process of forging on a hydraulic hammer to produce a yoke forging with a complex geometry. A detailed analysis was performer on one of the lower dies made of non-standard hot chromium-molybdenum-vanadium tool steel, selected for the tests due to its premature damage (a crack) and relatively low durability equalling only 1200 forgings, that is 600 forged elements. Based on the performed complex studies (surface scanning, microhardness tests, microscopic tests, numerical modelling, impact strength trials) it was demonstrated that the most dangerous destruction mechanism for the analyzed process is mechanical cracking and thermo-mechanical fatigue. As a result of the tool working under extreme conditions (high cyclic mechanical impact loads as well as thermal loads), the most intensive damage of the roughing pass, caused by thermal fatigue and abrasive wear, takes place in the areas of complex geometry as well as intensive flow of the forging material on the radii of the roundings. In turn, in the case of the finishing pass, we observe mechanical fatigue cracking of the tool in the areas of stress and high pressure concentration. The results of FEM modelling combined with the results of a microstructural analysis made it possible to determine the causes of the formation of cracks in the working area of the die, which included cyclic high thermal and mechanical loads as well as abrasive wear as a result of intensive flow of the forging material. Within the conducted studies, directions of further investigations were also proposed in order to improve the durability of the examined tool. Additionally, the observed high tendency of the tool material to crack, based on thermal expansion and impact tests and the determination of the crack resistance coefficient K1C, led to the proposal of an alternative material with higher impact strength.