A penny loafer is a type of casual leather shoe that has a decorative and slotted leather strip over the upper part of the shoe that a coin such as a penny can be placed.
Penny loafers are a type of slip on leather shoe that is worn in casual situations although you can wear penny loafers any time you want to wear them.
Back in the 1930s, the design of loafer shoes allowed just enough space for a penny in each shoe, which was actually a great hiding spot for a little pay phone change in the age before mobile phones and when a payphone call didn't cost that much.
Then later on in years down the road, when payphones cost more than what you could keep in your shoe, silver coinage was then still added to penny loafers as a statement.
Loafers are low rise and they feature a slim profile heel and leather upper, and you should wear loafers without socks or ideally with ankle socks that are invisible.
There are also penny loafers that have a trademark "saddle" across the vamp, tassel loafers as well as horsebit loafers and kiltie loafers.
Penny loafers are worn by both men and women and are a versatile shoe that can be worn for various occasions which include casual outings and formal events.
Penny loafers are more popular with people that are seeking a comfortable and stylish slip on shoe.
Famous people and Icons that wore penny loafers include John F. Kennedy, Elvis Presley, Miles Davis and even James Dean.
Penny loafers for men are a staple in menswear and are often paired and worn with suits for a more formal look or with casual outfits such as a polo shirt and jeans for a more relaxed vibe.
Women wear penny loafers with skirts, dresses or even jeans for a chick and effortless look.
And historically, Ivy League students, wore the Penny Loafers especially during the mid 20th century and they were known for wearing penny loafers as a preppy and fashionable choice.
And because penny loafers are easy to put on and are easily slipped on, they can make a good stylish look for people seeking a polished appearance and comfort.