Massive armbands like this one were far more than mere jewelry in Viking culture. They served as status symbols and signs of the wearer's wealth, power, and dignity. Their function as "hacksilver" or portable currency is historically documented: since they were often made of precious metal, pieces could be torn off to pay for goods. Furthermore, they played a central role in ceremonial oaths. On so-called oath rings, which were often placed on altars or worn by chieftains, men swore oaths of fidelity and loyalty. Such an armband thus symbolized the unbreakable bond within the community and the promise made to gods or leaders.