It's official: The penny is on its way out . After 232 years, they’re cancelling it, literally. It matters little that they cost three times as much to mint, or that few of us still keep single cents in our wallets—in our heart of hearts, they’ll always belong on the vamp of a great loafer , even after they disappear from circulation.

Vogue ’s Favorite Penny Loafers

The Original Icon G.H. Bass Weejuns penny loafers Jump to review $175

NORDSTROM

The Under-$300 Find Banana Republic penny loafers Jump to review $240

BANANA REPUBLIC

The Suede Style Veronica Beard penny loafers Jump to review $395

NORDSTROM

The penny loafer has been a fixture of American style since the 1930s, when G.H. Bass introduced the “Weejun,” a Scandinavian-inspired slip-on with a tidy l

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