I bought 2 one handed valyrian swords and still want a two handed, but the Blacksmith says he has no valyrian steel left do i have to wait until he gets more or is there a limit of how much swords i can get?
You can only get 2 One Handed or 1 Two Handed from him.
There is also no way to get him more Valyrian Steel.... Would nice as something like a Hard Quest...but at the moment yeah thats the maximum.
That's the limit! You can have 2 one handed swords (for you and a companion assumingly) or one two handed sword.
If you want to equip your companions with Valyrian steel you'll have to cheat.