Like all coins in this Queen’s Beasts series both the obverse and reverse are designed by Jody Clark. The Queen's Beasts coins are based on the ten statues which stood guard outside Westminster Abbey for the Queen's Coronation in 1953. They were originally sculpted by J. Woodford RA in 1953 and represent the various houses in the Queen's ancestry. Over the past five years the Royal Mint have released 10 coins, each representing a heraldic device used by one of the houses in the Queen's lineage.

The red dragon, known in Welsh as Y Ddraig Goch, is a symbol with deep historical roots in Wales, and utilized as a badge by Owen Tudor. His grandson, Henry VII, asserted a lineage connected to Cadwaladr, who is recognized as the last in the line of Maelgwn; however, the dragon's emblematic association emerged subsequent to Henry's reign. The dragon is depicted holding a shield that features a lion in each quarter, a representation of the coat of arms belonging to Llywelyn ap Gruffudd, the last native Prince of Wales.

The coin weighs one ounce and is 24-carat (.9999 purity). It is worth noting that as this is classed as British currency, this coin, like many other British coins, is VAT-free and is exempt from Capital Gains Tax (CGT).