Men's Cole Haan Pinch Prep Penny Loafers The Cole Haan Pinch Prep Penny Loafer is a modern take on a timeless classic, combining traditional design with contemporary comfort. Crafted with a full-grain leather upper and featuring the iconic penny keeper strap, this loafer exudes sophistication suitable for both formal and casual settings. Its slip-on design ensures ease of wear, making it a versatile addition to any wardrobe.