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A gift set will be in matching sizes, cover material, paper quality, font, etc. with coordinated cover art, all by the same artist. It may have an preface or introduction in each book which is unique to that edition, usually by another author or respected critic.
A boxed set comes in a pasteboard box which fits the books exactly and makes them look nice. Expect both box and cover art to coordinate. Preface or intro may be unique to the set.
The text of the books themselves will be identical, unless the word "abridged" or "condensed" is used.