The Icelands were legendary cold lands or an island beyond the northwind, discovered by Eärendil the Mariner on his voyage to the west.
|Boromir: "Is it not a strange fate that we should suffer so much fear and doubt for so small a thing? So small a thing!"|
- J. R. R. Tolkien, The Fellowship of the Ring II:10
It is possible that a historic precursor of historical Iceland was intended, although it may also be possible that , geographically, real-world Iceland rather would correspond to Hithlum or Dor lomin and "Iceland" just implies an icy or ice-covered region.