Freda Salvador Elba Penny Loafer - ESPRESSO SPAZZOLATO, 10 Good used condition. Classic penny loafer, always sold out! Our modern take on a classic penny loafer. Handcrafted in a bold espresso spazzolato, the ELBA updates the timeless style with our signature notched welt and angled leather heel. We’ll live in these loafers with everything from oversized suits, to cuffed jeans and socks to long skirts.