THE penny loafer. G.H.BASS's iconic beefroll-style loafer with traditional moc stitching gets updated with a sturdy block heel and a Mary Jane T-strap. THE penny loafer. G.H.BASS's iconic beefroll-style loafer with traditional moc stitching gets updated with a sturdy block heel and a Mary Jane T-strap. Established in 1876, G.H.BASS is a renowned American footwear brand celebrated for its heritage craftsmanship and iconic designs.