I tried looking at the Show Package Contents, but there is no Masters file.
If your system version is macOS 12.7 Monterey, as shown below your question, there is no longer a "Masters" folder in the Photos Library.
The originals are now stored in a folder called "originals", and are even renamed by Photos with unique filenames. Also, the originals folder is no longer organised by the date of the Import session. We can no longer find our images files and videos by their original filename in the Photos Library package. This change happened with macOS 10.15 Catalina ( How Photos 5.0 on Catalina Manages original Files and Filenames). To be able to recover my photos, when Photos is not able to open the Library, and to retrieve my photos for me, I am archiving all original image files on an external drive, before I am importing them to Photos. Better be safe than sorry.
"I have Monterey, and when I try and copy a photo from my Photos Library app, it says "Export Complete with Errors. The export operation failed to create a file for the photo identified below:" "
Some more questions, so we can better understand what is going on on your Mac:
- How are you exporting from Photos? Are you copying and pasting?
- Are you using the command "File > Export? If yes, Are you using the "File > Export unmodified originals" or are you exporting the modified versions?
- Does this happen for all your images or only for some?
- And where are you exporting to? Are you exporting to an external drive? Can you export to your Pictures folder or any lokal folder in your user home folder ?
- Is your library syncing with iCloud Photos?
- What has happened, before the problem first occurred? Did you just upgrade your Mac to Monterey? Did you move your Photos Library or restore it from a backup? Did you run any cleaning operations to remove duplicates?