Monty and two other corgis appeared in the Bond scene for the Olympics opening ceremony as the secret agent arrived at the palace to accept a mission from the Queen.
The dogs ran down the stairs, performed tummy rolls and then stood as a helicopter took off for the Olympic stadium, carrying Bond and a stunt double of the monarch, 'the Telegraph' reported.
The death of 13-year-old Monty, who was previously owned by the Queen, leaves two corgis in the palace, Willow and Holly, which appeared in the Olympic film too.
The palace confirmed the death of Monty and of Cider, a dorgi, or dachsund-corgi cross-breed yesterday.
At present the Queen owns two dorgis called Candy and Vulcan and two other Pembroke Welsh corgis called Willow and Holly, who are all descended from a dog she was given for her 18th birthday, who was called Susan.
Monty was named after Monty Roberts, the American subject of a BBC documentary, A Real Horse Whisperer.
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Roberts, 77, who advises the Queen on horses and corgis, has reportedly offered her a corgi puppy to carry on the tradition.
The breed has been associated with the Royal Family since 1933, when the future King George VI, in 1933 bought his first Corgi called Dookie.