gifts and stuff can be sold at pawn brokers, giving gifts i'm not really sure about, probably has something to do with holding hands with them.
When you go to interact with them it will tell you a list of things you can do, sending a gift is one of them.
to sell stuff at the pawn broker, and let me just say this is one of lionhead's dumbest ideas ever in my opinion, you have to go up to one of the red pedastals itself, not the pawn broker themself, and press a to sell your item, to cycle through different items to sell use the left and right shoulder and trigger buttons on the controller.
Agreed, this is the first Fable game, aside from the on that came with my pc, ive played and it took 2 hours just to find out where the eff i was supposed to sell the items then saving was effing easier only 5 mins. 2 u this game effing rocks