What was the price of a Viking sword at the time? How about expressing a price then in some unit of measure we can grasp today? I have looked on the ol’ net but haven’t found any good guesses. Previous post discussed one indicator that I couldn’t process.
Hurstwic website describes one sword that had a reported value. Chapter 13 of Laxdæla saga says a sword given to Höskuldur by King Hákon was worth a half mark of gold.
Charlemagne became king of the Franks in 768 A.D. and expanded his rule until he died in 814, according to Wikipedia. That puts the price in the timeframe of late 700s or very early 800s. This is in contrast to the Lex Rubuaia having first been written in around 630.
I tried to convert that 7 solidi into something we can relate to.
Short overview of the evolution of the means of exchange during Viking Era can be found in Viking Currency, an article by Dani Trynoski at Medievalists.net.
A basic economic concept to remember: part of the definition of money is a means of exchange and store of value. A silver armband, brooch, or coin can be both a store of value and means of exchange. Standard size silver coins are easier to work with on both criteria than jewelry.
A few pounds of silver is far easier to carry and use to buy stuff later than several dozen (?) furs, a dozen or two cows, or a few shiploads of grain.