HMS Victory was Nelson’s flagship at Trafalgar, but it was the 6th ship of that name to serve with the Royal Navy. Its predecessor was also a 100 gun ship of the line and was launched in 1737. However it sank in 1744 in the western approaches to the English Channel with the loss of 1100 men, after hitting a major storm near the Channel Islands. Its topmast was washed up in Guernsey but until 2008 that was the last anyone had seen of her.
In 2008 the salvage company, Odyssey Marine Exploration, found the ship and is in negotiation with the UK’s Minstry of Defence (MOD) trying to come to an agreement to salvage the wreck in exchange for a cut of the profits.
Recently marine archaeologists have found a human skull and rib bones underneath a cannon on the wreck.It has not yet been decided if these should be recovered and then either re-interred, or studied.
Two cannons have been recovered from the wreck, a 12 pounder and a 42 pounder.
There is more information from the Guardian’s website, from which the above photo came.