Why did penny loafers used to have a real penny tucked in them?

website penny loafers penny slot History of a Shoe: Penny Loafers by Racheline M on Jul 1, 2008 in Comfort4 comments The penny slot machines for sale Best Offers on Classy%20penny%20loafers - Upto 20-71% off Sale

penny loafers penny slot light brown suede almond toe penny slot slip-on style flat rubber sole This piece comes complete with a protective dust bag   Shop Men's Penny Loafers save up to 75%, Dune, Tods, John Lewis, Barbour, Next, track over 500 items for sale updates Find today's best price across your  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,

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