"Penny loafers" refer to a type of slip-on shoe with a strip of leather across the front, usually with a small slit or opening to hold a penny. Full definition
When buying a pair of penny loafers stick to the classic colours as these will be a lot more versatile and slot into your wardrobe with ease. (theidleman.com)
I love these classic penny loafers in a number of colors that will work from now through the fall. (victoriamcginley.com)
Pair it with a crisp white button down shirt for the ultimate in classic styling, and throw on a pair of black penny loafers, a simple nod to retro and classic styling. (theidleman.com)