I have had this penny for many years. It is an interesting one very worn and weight is 2.51 grams. I am sure it weighed more since it is smaller than a normal penny. You can see the date 19 and maybe a 7 for the 3rd number. It is very smooth and just an interesting penny.
Penny Loafer reminds me of my shoes my made me wear in my younger days. I always had a penny in them.
Wow I did not know that. I have kept it because it was so interesting to me and I had never seen one like it. I came across it today trying to organize my pennies.
I don't think your coin has normal circulation wear on it. The wear patterns do not match a normally worn cent. There is just to much of the rim gone. All coins wear flat from normal circulation wear. It does not look like it has been filed/sanded down to its present size. I think it is possible that it was struck on a thin planchet, making it an error coin.
Looks like it has been loose in a dryer for a long time, trapped and rotated with one face against the edge. If your dryer makes "dinging" noise, almost always one being rubbed down. Jim