Across the physics disciplines, the 186Pb nucleus is the only known system, where the two first excited states, together with the ground state, form a triplet of zero-spin states assigned with prolate, oblate and spherical shapes. Here we report on a precision measurement where the properties of collective transitions in 186Pb were determined in a simultaneous in-beam γ-ray and electron spectroscopy experiment employing the recoil-decay tagging technique. The feeding of the $${0}_{2}^{+}$$
0
2
+
state and the interband $${2}_{2}^{+}\to {2}_{1}^{+}$$
2
2
+
→
2
1
+
transition have been observed. We also present direct measurement of the energies of the electric monopole transitions from the excited 0+ states to the 0+ ground state. In contrast to the earlier understanding, the obtained reduced transition probability $$B(E2;{2}_{1}^{+}\to {0}_{2}^{+})$$
B
(
E
2
;
2
1
+
→
0
2
+
)
value of 190(80) W.u., the transitional quadrupole moment $$| {Q}_{t}({2}_{1}^{+}\to {0}_{2}^{+})| =7.7$$
∣
Q
t
(
2
1
+
→
0
2
+
)
∣
=
7.7
(33) eb and intensity balance arguments provide evidence to reassign the $${0}_{2}^{+}$$
0
2
+
and $${0}_{3}^{+}$$
0
3
+
states with predominantly prolate and oblate shape, respectively. Our work demonstrates a step-up in experimental sensitivity and paves the way for systematic studies of electric monopole transitions in this region. These electric monopole transitions probe the nuclear volume in a unique manner and provide unexploited input for development of the next-generation energy density functional models.