Other items up for sale include his personal Bible, which is expected to raise as much as £25,000.
The Bible was given to Presley on his first Christmas at Graceland in 1957 and was used throughout his life until his death on August 16, 1977.
It contains his handwritten notes, thoughts, annotations and underlining throughout.
Poignantly, one of the many lines emphasised by the entertainer states: "What is a man advantaged if he gain the whole world and lose himself or be cast away?"
Also on sale is 16mm film footage from Priscilla Presley's personal home movies of Elvis, of family holidays and their daughter Lisa growing up.
It also includes footage of their wedding and the first time Elvis and Priscilla brought their daughter home to Graceland from hospital, Christmas inside Graceland and other special family moments.
The full catalogue and auction will be streamed live from the auction room in Stockport at www.omegaauctions.co.uk on September 8.
- PAA