Why do penny loafers have a slot for a coin?

Why do penny loafers have a slot for a coin? penny loafers penny slot These slip-on shoes are known for their distinctive strap across the front and a slot where a decorative object, such as a penny, can be penny slot machine big wins Grand Laser Penny Driver $115 ; Nantucket Cross Strap Cloudfeel Espadrille II Slip-On Loafers $80 ; Anica Lux

penny slot machine big wins Our school had a dress code with no sneakers allowed Most wore Sperry docksiders or LL BeanEastlandSebago brown Mocs I wore penny loafers

penny slot Legend has it the penny loafer got its name when Ivy League students began tucking a coin for the payphone in the front slot of their Weejuns Now it's your Get inspired by our line of men's loafers, brogue and penny models perfect to complement an elegant and refined look