Hi Jebediah,
As I notice this is your first post on the forum, I thought I would take the opportunity to welcome you here.
You might like to post an introduction of yourself on :-
Are you new to ReligiousForums.com? , and also have a look at our
article for our newer members! (especially put together by Feathers).
Now, as to your actual question, I hope the following will be of help:-
Excerpts from:-
http://www.webedelic.com/church/goldt.htm
Whenever the subject of the "Wise Men", or "Magi" comes up, most of the attention is placed either on the star they saw, or speculation about where they came from. What we want to concentrate on here is the gifts they brought, and what they might signify for us.
Of course, the simplest meaning is that what these men brought were those items which, in their experience, represented the greatest worth. All of these items were rare, precious and expensive. Whatever else we may learn from this story, we know that they gave their best in honor to the One they believed to be the King, the Messiah.
They also gave items which were local to their home area - Arabia. The Lord welcomes us to give to Him what is available to us.
The gifts were a part of their worship. They bowed down before Him, and they offered Him gifts. One commentator points out, "They had known Christ but one day; he had performed no miracles; he had none other to do him homage; he was but a helpless Babe, yet they fell down and worshipped him."
Together, the three types of gifts represent three roles of Jesus the Messiah: His kingly office is represented by gold, His divinity by frankincense, and His manhood by myrrh. "They offered him incense as their God; gold as their king; and myrrh, as united to a human body, subject to suffering and death."
Also, it's clear that the providence of God is seen in these gifts. It provided the means necessary for a long and expensive journey into Egypt, and to sustain Joseph, Mary and Jesus in a foreign land where they would stay for a considerable time.
Gold was the usual offering presented to kings by their subjects, or those wanting to pay respect. It seems that the metal we know as gold has always held extremely high value - as long ago as 2,500 BC, gold was especially prized, and used as a medium of exchange. Perhaps you remember when the US Mint announced that a new dollar coin was to be released at the beginning of the year 2,000. It was larger than the quarter (unlike the previous dollar coin, circulated around 1979), and it was gold in color. Notice I said "gold in color", there wasn't any gold in it at all.
Frankincense is a very costly and fragrant gum distilled from a tree that is found in Persia, India and Arabia, as well as the East Indies. It is a white resin or gum, and is obtained by slitting the bark of the "Arbor Thurisfrom", and allowing the gum to flow out. The word actually means "whiteness", referring to the white colored juice which flows out of the wound in the tree. This gum hardens for three months, and is gathered at the end of the summer, and sold in the form of "tears", or clumps of hardened resin.
Myrrh is an aromatic gum produced from a thorn-bush that grew in Arabia and Ethiopia, and was obtained from a tree in the same manner as frankincense. This thorny tree, called "balsamodendron myrrha", is similar to the acacia. It grows from eight to ten feet high, and is thorny. When it oozes from the wounded shrub, myrrh is a pale yellow color at first, but as it hardens, it changes to dark red or even black color. However, if frankincense represents sweetness, myrrh represents bitterness, at least to the taste. In fact, the name itself was given to it on account of its great bitterness. (The Hebrew word is similar to the name given the waters that were bitter when Moses and the people were coming out of Egypt. "And when they came to Marah, they could not drink of the waters of Marah, for they were bitter: therefore the name of it was called Marah. - Exodus 15:23) Hear also what Naomi says to her daughters in law - "Call me not Naomi, call me Mara: for the Almighty hath dealt very bitterly with me. (Ruth 1:20)