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You can buy one of the following:

Year of Wikipedia
Yearly expenditure of Wikimedia Foundation, 2007/8 for US$3,541 thousand (Íkr433,500 thousand) from wikipedia

Thousands of

You can buy one of the following:

Events with Keith Chegwin
Hire Keith Chegwin for an event, 2006 for £4,500 (Íkr845,100) from source
Oxford English Dictionaries
20 volume dictionary for £750 (Íkr140,800) from source

Shopping list

You can buy all of the following:

×300

300 Legs
Criminal injuries compensation for loss of leg above knee, 1996. for £40 thousand (Íkr7,512 thousand) from source
1 Person's debt
Average debt of a UK citizen for £33 thousand (Íkr6,197 thousand) from source