Dragons love their treasure hoards, but no dragon cherishes their trove more than Smaug from The Hobbit. At MagicCon: Las Vegas 2026, Wizards of the Coast finally revealed the first few cards from the upcoming set, due out Aug. 14, and the headliner is Smaug the Magnificent.
Fittingly, the card is super-powerful, but when you play it alongside one particular dragon that’s five years old, things can very quickly spiral out of control.
Smaug the Magnificent comes in three variants: a mythic rare in the main set, a borderless version with a dragon hoard frame, and a gleaming gold headliner card. Smaug boasts a powerful ability: whenever he attacks, Smaug deals damage equal to the number of treasures you control to any target — and he generates a treasure token at the beginning of your upkeep.
In practice, you need to build your entire strategy around generating treasure tokens to make a card like this pop off. You could lean into dwarves, dragons, and treasure. The real deadly combo for Smaug, however, is Old Gnawbone from 2021’s Adventures in the Forgotten Realms set. With this green dragon on the board, whenever a creature you control deals combat damage to a player, you create that many treasure tokens.
