What is the origin of the slot on 'penny' loafers? Was it there

Penny Slot-detailed Leather Loafers - Red penny loafers penny slot Saint Laurent £ Penny Loafers from Le Monde Béryl x Relove · Flag this item · Penny Loafers · Le Monde Béryl x Relove £240 more from penny slot machines free play With its iconic strap and slot across the front, the timeless shoe evokes preppy style But where exactly does the name “penny loafer” come from

penny slot machines online These slip-on shoes are known for their distinctive strap across the front and a slot where a decorative object, such as a penny, can be