The men of the lake-town Esgaroth were mostly indoors, for the breeze was from the black East and chill, but a few were walking on the quays, and watching, as they were fond of doing, the stars shine out from the smooth patches of the lake as they opened in the sky. From their town the Lonely Mountain was mostly screened by the low hills at the far end of the lake, through a gap in which the Running River came down from the North. Only its high peak could they see in clear weather, and they looked seldom at it, for it was ominous and dreary even in the light of morning. Now it was lost and gone, blotted in the dark.
Suddenly it flickered back to view; a brief glow touched it and faded.
"Look!" said one. "The lights again! Last night the watchmen saw them start and fade from midnight until dawn. Something is happening up there."
"Perhaps the King under the Mountain is forging gold," said another. "It is long since he went north. It is time the songs began to prove themselves again."
"Which king?" said another with a grim voice. "As like as not it is the marauding fire of the Dragon, the only king under the Mountain we have ever known."
"You are always foreboding gloomy things!" said the others. "Anything from floods to poisoned fish. Think of something cheerful!"
Then suddenly a great light appeared in the low place in the hills and the northern end of the lake turned golden.
"The King beneath the Mountain!" they shouted. "His wealth is like the Sun, his silver like a fountain, his rivers golden run! The river is running gold from the Mountain!" they cried, and everywhere windows were opening and feet were hurrying.
There was once more a tremendous excitement and enthusiasm. But the grim-voiced fellow ran hotfoot to the Master. "The dragon is coming or I am a fool!" he cried. "Cut the bridges! To arms! To arms!"

•Smaug, Chiefest and Greatest of Calamities
Minion • Dragon
Strength: 16
Vitality: 6
Site: 9
Lurker. Damage +1. Fierce.
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Smaug is strength +2 for each threat you can spot (limit +6).
“‘My armour is like tenfold shields, my teeth are swords, my claws spears, the shock of my tail a thunderbolt, my wings a hurricane, and my breath death!’”

I’d suggest cutting the limit on the strength bonus, after all, c’mon, it’s a site NINE minion, and it’s Smaug!!! Cut the old dragon some slack in his first appearance!

•Smaug, Last of the Great Fire-drakes
Minion • Dragon
Strength: 17
Vitality: 6
Site: 9
Damage +2.
Smaug’s twilight cost is -1 for each threat you spot.
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Archery: Exert Smaug to make the minion archery total +1.
“Fire leaped from the dragon’s jaws....the trees by the shores shone like copper and like blood with leaping shadows of dense black at their feet.”

Just not sure the twilight cost reduction will be enough to make it playable...

•Smaug, Chiefest and Greatest of Calamities
Minion • Dragon
Strength: 16
Vitality: 6
Site: 9
Lurker. Damage +1. Fierce.
Smaug’s twilight cost is -1 for each site you control.
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Smaug is strength +2 for each threat you can spot (limit +6).
“‘My armour is like tenfold shields, my teeth are swords, my claws spears, the shock of my tail a thunderbolt, my wings a hurricane, and my breath death!’”
personally I am inclined to say he is overcosted. make him cost 14 IMO

•Smaug, Last of the Great Fire-drakes
Minion • Dragon
Strength: 17
Vitality: 6
Site: 9
Damage +2.
Smaug’s twilight cost is -1 for each threat you spot and site you control (limit -8 ).
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Archery: Exert Smaug to make the minion archery total +1.
“Fire leaped from the dragon’s jaws....the trees by the shores shone like copper and like blood with leaping shadows of dense black at their feet.”

•Smaug, Chiefest and Greatest of Calamities
Minion • Dragon
Strength: 16
Vitality: 6
Site: 9
Lurker. Damage +1. Fierce.
Smaug’s twilight cost is -1 for each site you control.
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Smaug is strength +2 for each threat you can spot (limit +6).
“‘My armour is like tenfold shields, my teeth are swords, my claws spears, the shock of my tail a thunderbolt, my wings a hurricane, and my breath death!’”

•Smaug, Last of the Great Fire-drakes
Minion • Dragon
Strength: 17
Vitality: 6
Site: 9
Damage +2.
Smaug’s twilight cost is -1 for each threat you spot and site you control (limit -8 ).
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Archery: Exert Smaug to make the minion archery total +1.
“Fire leaped from the dragon’s jaws....the trees by the shores shone like copper and like blood with leaping shadows of dense black at their feet.”

•Smaug, Chiefest and Greatest of Calamities
Minion • Dragon
Strength: 16
Vitality: 6
Site: 9
Lurker. Damage +1. Fierce.
Smaug’s twilight cost is -1 for each site you control.
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Smaug is strength +2 for each threat you can spot (limit +6).
“‘My armour is like tenfold shields, my teeth are swords, my claws spears, the shock of my tail a thunderbolt, my wings a hurricane, and my breath death!’”

•Smaug, Last of the Great Fire-drakes
Minion • Dragon
Strength: 17
Vitality: 6
Site: 9
Damage +2.
Smaug’s twilight cost is -1 for each threat you spot and site you control (limit -8 ).
Smaug may not take wounds during the archery phase (except from special abilities) and may not bear possessions.
Archery: Exert Smaug to make the minion archery total +1 (limit +3).
“Fire leaped from the dragon’s jaws....the trees by the shores shone like copper and like blood with leaping shadows of dense black at their feet.”

Cool, but I would just be afraid that he wouldn’t be played as often as Last of the Great Fire-drakes. I would raise his strength to 17 and maybe drop his cost to 14... and maybe even drop lurker, since it doesn’t seem to make sense for him.