I'm going to be a little presumptious here, and talk about wedding gifts. Specifically, the notion of "the good china".
Simply put, I don't subscribe to the notion of keeping things for "best" or for "company", or whatever else. The problem is that after the stuff gets put aside, you then spend a significant amount of effort debating about whether to bring it out because so-and-so is coming around. Is this set of guests the ones that are important enough to warrant the good china? And if so, why them and not the people you had round last week?
The longer you wait before bringing out the good china, the greater the importance that becomes attached to it in your mind. Leave it long enough, and the good china becomes an almost mystical artifact, an heirloom of your kingdom, and to be treated with the utmost reverence.
Which means that when you finally do bring out the good china, presumably because the Queen has decided to pop round, you then get to spend the entire time terrified that it might get damaged.
In effect, what should have been a great blessing, and a source of joy and pleasure, instead becomes a source of stress and division, and then a terrifying ordeal.
I exaggerate, of course. But only somewhat.
My approach is the opposite - that these things are intended to give joy, and that they do that by being put to their intended use. That way, you can be reminded of the wonderful gift that your friend/relative/random stranger has given you. And when, as is sadly inevitable, it gets damaged/lost/worn out, well, at least you have the memories of having used the item well and properly. And not kept it carefully kept it "for best" for several years, finally brought it out of storage, and then dropped it at an inopportune time.
Ultimately, what I'm trying to get at is this: If you should find yourself giving us a nice gift, and you later find that we are busily using said gift, rather than laying it aside "for best", please don't be offended. It is not that we don't value and esteem you and your generous gift to us. On the contrary, it is precisely because we do.