I just received my pair of light-brown calf penny loafers. As promised, here are some pictures:
I only have one other pair of quality shoes, Kent Wang's plaintoe balmorals, and I have worn them a handful of times; so I'm not very knowledgeable about shoes. The Kent Wang's I have are a size 10.5 (marked UK 9.5). Those fit great. These loafers are a UK 9.5, and at first they struck me as a little tight. I feel like I could have gone up a half size. On the other hand, if they do break in some then I think they will fit quite right. I'm just not sure how much give there will be. At first I tried them on with a pair of loafer socks and the shoe pressed on my heel quite uncomfortably (which I read about earlier in this thread). Wearing them with the socks pictured, the heel feels absolutely fine. So hopefully if I break them in with the sock, I will be able to wear them "sockless" in time for the warmer weather.