History of the house.
Gaulverjabær has been a church site and manor since early settlement. Loftur Gamli from Norway was Gaulverjabær's first settler and named the place after people from Gaular in Norway, a province of Sogn and Fjordane.
In 1930 a significant collection of 360 silver coins from the first century of Icelandic settlement was discovered at this site. The current church was built in 1909 and has now been preserved. 
Treasures from the Viking Age are far more common in the British Isles than in Iceland. Men were working on enlarging the cemetery. They decided to get soil from a small hill south of the cemetery to make the job easier. A pile of silver coins tumbled out from under one man's shovel. It turned out that the money was of Arabic, German, English, Irish, Swedish and Danish origin. Most of them were marked by the kings who had them minted or produced. The oldest coin, from Baghdad, probably dates from 896-870, but based on the mintage of the coins, it has been estimated that the hoard was dug in 1010-1015