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HMS Victory is a 104-gun ship of the line of the Royal Navy, built between 1759 and 1765. She is the oldest naval ship still in commission.

In December 1758, the commissioner of Chatham Dockyard was instructed to prepare a dry dock for the construction of a new 100-gun first-rate ship.

The keel was laid on 23 July 1759 in the Old Single Dock (since renamed No. 2 Dock and now Victory Dock), and the name was finally chosen in October 1760. It was to commemorate the Annus Mirabilis or Year of Victories, of 1759.

Once the frame had been constructed it was normal to cover the ship up and leave it for several months to season. However, the end of the Seven Years' War meant that she remained in this condition for nearly three years, which helped her subsequent longevity. Work restarted in autumn 1763 and she was finally launched on 7 May 1765 having cost £63,176 and 3 shillings (present day £50 million) and used around 6000 trees, 90% of which were oak and the remainder elm, pine and fir.