VICTORY! Warship Wreck Found with Pounds 350m Booty

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THE wreck of 18th century warship HMS Victory has been found - with pounds 350million of treasure on board.

The vessel - predecessor of Nelson's flagship of the same name - sank in a 1744 storm with 1,100 sailors on board.

Explorers came across it 330ft under the Channel and hailed it as the most important shipwreck discovery ever.

HMS Victory is thought to have carried 100,000 gold coins - plundered from enemy ships and weighing four tonnes - and been armed with 100 cannons.

It remains Crown property. But Greg Stemm, whose US firm Odyssey Marine Exploration made the find, said in Lond on yesterday: "This is the big one just because of its history. The money is not as important as the cultural and historical significance.

"It's a monumental event, not only for Odyssey but for the world. It's probably the most significant shipwreck find to date. HMS Victory was the mightiest vessel of the 18th century. …