This article is an attempt at a systematic presentation of the knowledge of problems related to the value system of gifted persons. Psychological literature was reviewed to make the reader familiar with the concept of the value system and to present the current state of research. The problem of the value system of gifted persons was discussed from the perspective of its relationship with intelligence, abilities and school achievement. From a theoretical point of view, a multi-dimensional description of those issues allows readers to get acquainted with the problem of value preferences in gifted persons. On the educational plane, it allows psychologists, educationalists and teachers to avail themselves of the findings from the research review in their work with schoolchildren and young people with outstanding achievements.