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It became fashionable to keep a dime in the half moon cut out slot of the leather strip This eventually gave the shoes their colloquial name of Penny Loafer,

penny in the slot machine penny-slot patent-leather loafers - Image 4 Next image WHISTLES Manny penny-slot patent-leather loafers More information £ Colour:PLUMCLARET PLUM

penny slot machine The penny loafer originated when a shoemaker named John Bass created a type of loafer called a Weejun that had a split strap across the top of