Scottish School, (18th century); British. Medium: copper. Date: 1797. Adam Smith (1723-1790) was a Scottish social philospher and a pioneer of political economy; His magnum opus, for which he is best known, is 'The Wealth of Nations' which is seen represented on the reverse of this penny; A bust portrait of Smith is on the obverse of this coin; Provenance: Private Collection. Photographic Rights The Bridgeman Art Library.