2nd portrait of Queen Elizabeth II facing right. Lettering around outside, date below.

Mint mark: PM (Pobjoy Mint).

Engraver: Arnold Machin.

H.M.S. Victory and cameo of Horatio Nelson.

HMS Victory is a 104-gun first-rate ship of the line of the Royal Navy, ordered in 1758, laid down in 1759 and launched in 1765. She is best known as Lord Nelson's flagship at the Battle of Trafalgar in 1805. She was also Keppel's flagship at Ushant, Howe's flagship at Cape Spartel and Jervis's flagship at Cape St Vincent. After 1824, she served as a harbour ship. In 1922, she was moved to a dry dock at Portsmouth, England, and preserved as a museum ship. She has been the flagship of the First Sea Lord since October 2012 and is the world's oldest naval ship still in commission.

Horatio Nelson (1758–1805) was a British flag officer in the Royal Navy. He was noted for his inspirational leadership, superb grasp of strategy, and unconventional tactics, all of which resulted in a number of decisive naval victories, particularly during the Napoleonic Wars (1797–1815). He was significantly wounded several times in combat, losing the sight of his right eye during the campaign in Corsica, and later the amputation of his right arm in the unsuccessful attempt to conquer Santa Cruz de Tenerife in the Atlantic's Canary Islands off northwest Africa. He was shot and killed during his final pivotal victory at the naval Battle of Trafalgar against the combined Napoleonic French and Royal Spanish fleets off the southwest coast of Spain in 1805. Nelson's death at Trafalgar secured his position as one of Britain's most heroic figures.