The coat Bill Shankly wore during Liverpool's run of success is going up for auction with a price tag of £1,000.
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The retired head groundsman at Goodison Park also received a dinner suit and a pair of shoes.
Mr McGuinness is selling off his collection of memorabilia to pay for medical care.
However, the shoes won't be included because Mr McGuinness has worn them out.
Auctioneer Oliver Hambly said: "The coat was the most special gift as Bill used to wear it for all the important fixtures - it is clearly recognisable as Shankly's.
"They were a perfectly good pair of shoes and Sid decided he would wear them. So for years he was walking around in Bill Shankly's shoes and now they are worn through."
Wirral-based auctioneers Speciality Sports say they've already had interest in the coat from overseas clients, reports the Liverpool Echo.
Ed: Come on LiverpooL FC, this has to be snapped-up for the club's museum!