“ Most Viking warriors would own a sword as one raid was usually enough to afford a good blade. Most freemen would own a sword with goðar, jarls and sometimes richer freemen owning much more ornately decorated swords. The poor farmers would use an axe or spear instead but after a couple of raids they would then have enough to buy a sword. One sword mentioned in the Laxdæla saga was valued at half a crown, which would correspond to the value of 16 milk-cows.
Swords could take up to a month to forge and were of such high value that they were passed on from generation to generation. Often, the older the sword, the more valuable it became Local craftsmen often added their own elaborately decorated hilts, and many swords were given names, such as Leg-biter and Gold-hilt.
There is even some evidence from Viking burials for the deliberate and possibly ritual "killing" of swords, which involved the blade being bent so that it was unusable. Because Vikings were often buried with their weapons, the "killing" of swords may have served two functions. A ritualistic function in retiring a weapon with a warrior, and a practical function in deterring any grave robbers from disturbing the burial in order to get one of these costly weapons Indeed, archaeological finds of the bent and brittle pieces of metal sword remains testify to the regular burial of Vikings with weapons, as well as the habitual "killing" of swords.