The Royal Society presents numerous awards, lectures and medals to recognise scientific achievement. The oldest is the Croonian Lecture, created in 1701 at the request of the widow of William Croone, one of the founding members of the Royal Society. The Croonian Lecture is still awarded on an annual basis, and is considered the most important Royal Society prize for the biological sciences. Although the Croonian Lecture was created in 1701, it was first awarded in 1738, seven years after the Copley Medal, which is the oldest Royal Society medal still in use and is awarded for "outstanding achievements in research in any branch of science".

The Hughes Medal is awarded by the Royal Society of London "in recognition of an original discovery in the physical sciences, particularly electricity and magnetism or their applications". Named after David E. Hughes, the medal is awarded with a gift of £1000. The medal was first awarded in 1902 to J. J. Thomson "for his numerous contributions to electric science, especially in reference to the phenomena of electric discharge in gases", and has since been awarded over one-hundred times. Unlike other Royal Society medals, the Hughes Medal has never been awarded to the same individual more than once.