Other highlights are the character's leather jacket from Rocky, - the 1976 film which won three Oscars and propelled Stallone to international stardom.
There is also a white robe from Rocky IV.
Among the lots is Stallone's handwritten script for Rocky, his character, John Rambo's army jacket from First Blood and a Judge Dredd costume, including helmet, boots and shoulder armour.
Top lots from the sale will remain on view in New York until Wednesday before being offered for sale from December 18 to 20 in Los Angeles, Heritage Auctions announced.
New York-born Stallone is an Academy-award nominated actor best known for his tough guy roles in the franchises.
The 69-year-old is also a director and screenwriter.
"I thought other people would really appreciate them. So, rather than keep them in the dark (in storage) and just forget about them, I thought, let me just pass them on," he told Heritage.
Besides the Rocky and Rambo screen worn items, there's lots containing memorabilia from the The Expendables' movies.
- AP