Background
The term saga originates from the Norse saga" (pl. sögur), and refers to (1) "what is said, statement" or (2) "story, tale, history". It is cognate with the English word "say", and the German sagen. Icelandic sagas are based on oral traditions and much research has focused on what is real and what is fiction within each tale. The accuracy of the sagas is often hotly disputed. Most of the manuscripts in which the sagas are preserved were taken to Denmark and Sweden in the 17th century, but later returned to Iceland. Classic sagas were composed in the 1200s. Scholars once believed that these sagas were transmitted orally from generation to generation until scribes wrote them down in the 1200s. However, most scholars now believe the sagas were conscious artistic creations, based on both oral and written tradition.
There are plenty of tales of kings (e.g. Heimskringla), everyday people (e.g. Bandamanna saga) and larger than life characters (e. g. Egils saga). The sagas describe a part of the history of some of the Nordic countries (e.g. the last chapter of Hervarar saga). The British Isles, northern France and North America are also mentioned. It was only recently (start of 20th century) that the tales of the voyages to America were authenticated.
Most sagas of Icelanders take place in the period 930–1030, which is called söguöld (Age of the Sagas) in Icelandic history. The sagas of kings, bishops, contemporary sagas have their own time frame. Most were written down between 1190 to 1320, sometimes existing as oral traditions long before, others are pure fiction, and for some we do know the sources: the author of King Sverrir's saga had met the king and used him as a source.
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