Skógafoss waterfall is a beautiful 60 m high waterfall in South Iceland. The splendor this waterfall is one of the finest sights in this superbly attractive countryside. The legend says that a chest filled with gold coins was hidden in a cave behind the waterfall by the first settler at Skógar, Ţrasi Ţórólfsson. On sunny days a single or double rainbow is visible due to the amount of spray the waterfall produces. The regional museum, Skógasafn, situated close to the waterfall is one of the best arranged in the country, showing implements of agriculture and domestic crafts of bygone days.