Scottish School, (18th century); British. Medium: copper. Date: 1797. Adam Smith (1723-1790) was a Scottish social philosopher and a pioneer of political economy; One of the key figures of the Scottish Enlightenment, he is most famous for his magnum opus 'The Wealth of Nations' which is commemorated on the reverse of this coin; The coin is inscribed 'The Penny of Scotland (1 oz.), Adam Smith L.L.D.F.R.S. Born at Kirkaldy 1723'; Provenance: Private Collection. Photographic Rights The Bridgeman Art Library.