The Victoria Cross is the highest military decoration awarded for valour "in the face of the enemy" to members of the armed forces of some Commonwealth countries and previous British Empire territories. It takes precedence over all other orders, decorations, medals and postnominals. It may be awarded to a person of any rank in any service and civilians under military command, and is presented to the recipient by the British monarch during an investiture held at Buckingham Palace. It is the joint highest award for bravery in the United Kingdom with the George Cross, which is the equivalent honour for valour not "in the face of the enemy". The VC was introduced on 29 January 1856 by Queen Victoria to reward acts of valour during the Crimean War. Since then the medal has been awarded 1,356 times to 1,353 individual recipients. Only 14 medals have been awarded since the end of the Second World War. Due to its rarity, the VC is highly prized and the medal can reach over £200,000 at auction. There are a number of public and private collections devoted to it, most notably that of Lord Ashcroft, which contains over one-tenth of the total VCs awarded. (more...)
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