Icelandic-English, English-Icelandic Dictionary (Hippocrene Concise Dictionary)

Contents of the book show the printing quality of those old fashioned miniature dictionaries. With good quality printing and type-setting they could have printed at least twice as many words on one page or they could have made a really pocket-sized booklet. Entries are not described phonetically. I am thinking about returning the book.

Reasonably priced and generally good. I found it useful for my study of icelandic although it lacks modern words such as 'computer' and 'stereo' and gives words such as 'fever' and 'disease'. Its the only cheap and quality book so I recommend it to beginners of icelandic

This is really just a list of words, printed ratther horribly on cheap paper. It looks like somebody typed the list out and they went straight to print. It's not at all like other small dictionaries in the quality of its production though the cover is nice.
More worryingly, I've already noticed a couple of pretty basic words that are simply missing, so as a list of words, it isn't exactly complete, and probably wasn't researched like a Collins. I also noticed that some words still have the letter 'z' which was of course abolished some time ago in Icelandic, so it's not even up to date.
The saving grace is that it's small, pocketable, and you don't have much choice if you want a reasonably priced English-Icelandic/Icelandic-English dictionary. Yet.

5000 words is rather few for a two-way dictionary. The print is large, the borders are huge and there's only a single column(around 35 words a page)

But it's the only one that's affordable outside of Iceland. If you want to study Icelandic, this is your only choice, live with it, and learn this dictionary by heart(that's what I did!), you have enough words in here to become quite fluent.

This is a pocket dictionary containing "over 5000 entries". It looks like it is a reprint of a much older dictionary, it contains words like 'smallpox' and 'telegram' but lacks many more up-to-date words. It doesn't contain much grammatical information either. For the serious student of Icelandic, this is a poor dictionary. But for the traveller, it may be good enough.