The first year gift tradition is paper. So, something like this personalized stationery would be a thoughtful and beautiful gift.ColorBoxDesign has a beautiful array of letterpress monograms to choose from - I'm partial to these Victorian Notecards, $20/set
A more modern twist on first year anniversary gifts is clocks.This Recycled La Villajoyosa Bonbones Espana Tin Clock $38 is available in my etsy shop, La Alicia. Something like this would be perfect for a couple that loves Spain and Bombones.
What are your favorite kinds of anniversary gifts?