Why are penny loafers called penny loafers

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The mouth opening of a penny loafer was designed to hold a small ornament, but wearers started putting pennies there instead! [ Source: http://www.chacha.com/question/why-are-penny-loafers-called-penny-loafers ]
More Answers to “Why are penny loafers called penny loafers
What are penny loafers?
http://answers.yahoo.com/question/index?qid=20090304112323AACe6ZG
Because of the little slot in front where you put a penny. Just some fashion from the ’50’s.
Why do people put pennys in penny loafers?
http://en.allexperts.com/q/Footwear-3605/penny-loafers.htm
Hi Dennis, Penny Loafers were much favoured by the Ivy League (East Coast upper society)in the US just about the time that Blue Suede Shoes (Yeah, Elvis!) became a symbol of rebellion for kids who discovered that fashion was a subtle way to…
How did you get started? penny loafers shoe shine company.
http://www.pennyloafersshoeshine.com/faq.html
Long story. Check out some of our press , read Penny’s biography , and check your local book store for “Living Your Dreams” by Dr. Samuel Gerstein in which we are profiled.

Related Questions Answered on Y!Answers

What are penny loafers?
Q: I know what they look like, but why are they called “penny” loafers?
A: Because of the little slot in front where you put a penny. Just some fashion from the ’50’s.
Did you own a pair of penny loafers when you were younger?
Q: Did you put a penny in them? I always put a dime in so I’d be able to make a phone call if I had to.
A: Sure, but I rarely had a penny in them. There was penny candy in those days and I couldn’t resist. LOL (we didn’t have a phone so a dime would have just bought more candy)
Penny Loafer-type shoes??????
Q: These classic black and white shoes that are similar to penny loafers, except the color is different? Are they called penny loafers or something else?Tap dancers back in the day wore them btw.
A: Saddle shoes?http://www.forfeetfirst.com/images/shoeclassicsaddleshoemattelarge.jpg
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