We previewed the Palace Autumn ’15 collection not too long ago, but when their webstore re-opened to the public this morning their was one extra item that the PWBC guys had apparently been keeping close to their chests.

Introducing the Palace penny loafer, the cult skate label’s first foray into formal footwear. A far cry from the skate inspired collab models that the brand have produced previously with Reebok and Adidas, this collection draws from a much more blue-blooded ancestry. Each pair is hand made with Portuguese leather, and comes replete with a pair of custom Palace pennys. If you’re a skater looking to take some steps into the formal wear world, or an investment banker who’s not quite ready to give up the board — head over to the Palace webstore to grab a pair.