Abstract: The aim of the study is to investigate the problems of formation and peculiarities of a young person’s sphere of values and senses at the modern stage of the society development. The study analyses the nature, structure, mechanisms and factors of a person’s sphere of values and senses as well as psychological and pedagogical approaches to its research. Nature and relevance of the system of values to personal growth are investigated. The given study underlines the lack of scientific and theoretical as well as practical research, aimed at the study of psychological mechanisms of high potential formation and social self-realization of gifted youth. The person’s sphere of values and senses or the system of value orientation is viewed as one of the significant mechanisms of the phenomenon development and social realization of giftedness. The study comprises the results of empirical research in value orientation and difficulties in the formation of the sphere of values and senses of gifted youth. Statistically proven data on the hierarchy of significant and accessible values in the system of value orientation of gifted personalities (senior pupils) are presented. The study draws empirical conclusions on value orientations peculiar of modern gifted youth; in the majority of cases they contribute to the process of high potential development. A number of conclusions is given about insufficiently formed significant and accessible values in the system of values of gifted early youth. The given research shows and analyses empirical data, according to which gifted people deny significant values such as “good health preservation”, “high social status”, “social activity”, deny accessible values such as “interesting work”, “material wellbeing”, etc. The study represents facts that prove a hypothesis that for a considerable number of talented young people correlation between a number of significant and accessible values within the system of value orientation has a character of intrapersonal conflict.