The Penny Loafers are timeless moccasins of the mythical home of American moccasins G.H. BASS & CO. since 1876. Worn by James Dean in the 50s, Michael Jackson in the 1980s and many others since, the BASS loafers are back on stage, more fashionable than ever. GH Bass was the initiator of the Penny Loafers trend with his weejuns model in the 1930s.