Þrasi's Hidden Gold
According to Icelandic legend, the first Viking settler of the Skógar area, Þrasi Þórólfsson, hid a chest filled with gold behind the powerful cascade of Skógafoss. For centuries, locals believed the treasure remained concealed in the cave behind the falls, protected by the relentless torrent of water.
The story goes that years later, a local boy discovered the chest and managed to grasp the iron ring on its side. But as he pulled, the ring broke free and the chest slipped back behind the waterfall, lost once more to the thundering water. The ring itself survived and was preserved through generations. It is now displayed in the Skógar Folk Museum, just a short walk from the waterfall, where visitors can see this tangible connection to the Viking age and decide for themselves whether the rest of the treasure still lies hidden behind the falls.