05/10/2023
Why they was called penny loafers
Back in the 1930s, the pay phone in the phone booth cost a paltry two cents. The new loafer design allowed just enough space for a penny in each shoe, equaling the cost of an emergency phone call. Thus, the penny and the loafer were united. The penny loafer had its heyday in the late 1950s and early '60s.
