Penny Loafer Expert to Identify these loafers?

Why do penny loafers have a slot for a coin? penny loafers penny slot Real penny loafers STILL have a real penny tucked into the slot across the instep (but not in Canada; we did away with the copper penny a penny slot machine tips This product is currently out of stock Dune London Strikes 1 Smart Penny Loafers

penny in the slot According to one Quora post, the slot in penny loafers was ultimately just a design element People who saw that little slot decided to put