It is presented by the ruling King or Queen at Buckingham Palace in an elaborate ceremony.
Canada in 1967 and Australia and New Zealand in1975 created their own medals
This award was created in 1856 and has been awarded to 1355 men.
The Victoria Cross
The Victoria Cross is the highest military decoration for valor for British and the Commonwealth ( Canada, Australia, New Zealand etc)
Bomber Command R.C.A.F. F/LT Sean Dunn
The importance of this medal is such that in the award ceremony a Private receiving a Victoria Cross will take precedence over anyone of any rank receiving a lesser medal. Tradition also dictates that officers, even of the highest rank must salute a Victoria Cross recipient .