Originally named the Weejun, The Spaulding Leather Company created its popular version of the loafer.

In the 1940s and 1950s, Weejun wearing teens started popping dimes (the cost of a quick call home) into the decorative pockets of their shoes.

It wasn’t long before it was a case of ….”the shinier the coin, the better”,  and the coins were then placed into the pockets of the loafer purely in the name of fashion!

The shoe was renamed The Penny loafer.