According to Phil Dampier, one of the authors of What's in the Queen's Handbag, HRH actually owned about 300 bags, including 30 or 40 of her favorites from Launer London, which has held the royal warrant to provide the sovereign's bags for more than four decades.
Handmade from soft calf, lizard, ostrich or alligator skin, each Launer goes for upward of $2,000. Her Majesty favored the black patent Traviata, whose longer handle allowed her to shake hands easily.
Nothing too royal-sounding, as it turns out: a tube of mints, a packet of doggie treats for her corgis and a few crossword puzzles carefully cut out from the daily newspapers by her staff to occupy her during her downtime.
Add lipstick, a tiny mirror, sunglasses and reading glasses, and she was basically good to go, since anything else the sovereign needed was provided by her aides.
As a courtier old Dampier: "She has a superb sense of fun and knew she's renowned for not carrying any cash, so this was her little joke."