Museum Cognac Leather Penny Loafer Cobbler Union Ruched Ridged Sole Penny Loafers Museum Cognac Leather Penny Loafer Cobbler Union Dress Shoe Penny Loafer Cognac Leather Ace Marks Museum Cognac Leather Penny Loafer Cobbler Union Museum Cognac Leather Penny Loafer Cobbler Union. The Cognac Smith Penny Loafer on the 722 last offers a brighter expression within a refined frame. The subtle chisel toe sharpens the overall line, giving this lighter tone a more structured presence.?? A delicate burnish introduces warmth and depth, allowing the leather to evolve gracefully over time. Built with a leather sole and Goodyear welt construction in Almansa, Spain, it delivers long term durability in a silhouette defined by precision.