Victory Medal:
The Victory Medal 1914-1919 Authorised in 1919 and was awarded to all eligible personnel who served on the establishment of a unit in an operational theatre.  

5,725,000 were issued

The combination of a Star, Victory Medal and War Medal was fairly commonplace (more than 2.5m trios were issued). This combination earned for itself the nickname, "Pip, Squeak and Wilfred" from the characters that appeared in a comic strip which first appeared in the "DAILY MIRROR" newspaper on the 12th of May 1919, about the same time as the medals were being issued.

The Victory Medal was nicknamed "WILFRED". A British Victory Medal is valued between £10 - £14. The South African Victory Medal is valued at between £25 to £35. 

The Victory Medal and British Medal pair are more commonplace (3.2 million pairs were issued) as more men and women served in the Army after 1st January 1916. The pair was often called "Mutt and Jeff" after the popular cartoon characters originally from the San Francisco Chronicle.