Penny Loafer
There was a time, before the debit card and ATM, when cash payment required the correct dollars and cents. That time is now long gone, and the copper penny (now 97.5% zinc) literally costs more than it’s worth. Back in the 1930s, the pay phone in the phone booth cost a paltry two cents. The new loafer design allowed just enough space for a penny in each shoe, equaling the cost of an emergency phone call. Thus, the penny and the loafer were united. (From BrooksBrothers)
Penny Loafer
There was a time, before the debit card and ATM, when cash payment required the correct dollars and cents. That time is now long gone, and the copper penny (now 97.5% zinc) literally costs more than it’s worth. Back in the 1930s, the pay phone in the phone booth cost a paltry two cents. The new loafer design allowed just enough space for a penny in each shoe, equaling the cost of an emergency phone call. Thus, the penny and the loafer were united. (From BrooksBrothers)