The penny loafer is probably the best-known type of slip-on shoe in the world. It gets its name from the strap running across the instep. Back in the day, American college students used to stick a lucky penny into the slit on the strap out of superstition before taking important exams.Stylish and elegant, this slip-on shoe is the perfect choice for warm summer days. It pairs beautifully with suits as well as lightweight chino trousers.This handcrafted, sewn-welted penny loafer is average in width and has been made from supple, gleaming box calf, a shiny type of calfskin that in this case has been fully dyed black. Additional trademark details include the U-shaped vamp insert, along with the adjacent, striking decorative seam. Topped off with a premium Rendenbach leather sole, this is a breathable, flexible full-leather shoe.