The Scottish-born footballer’s European Cup winners’ medal, which was won after Liverpool’s tense 1984 match against Roma in the Stadio Olimpico in Rome, is expected to sell for £8,000 to £16,000.
The Football Writers’ Association (FWA) Footballer of the Year award, won by Nicol in 1989 for his high-level performance at the Premier League club, is expected to fetch £2,000 to £4,000.
Other items include the shirt he wore during the Scotland v England Rous Cup game in 1988, which could fetch £1,000 to £2,000.
The auction is taking place until 14 May and will also include the shirt worn by Nicol during Liverpool and Everton’s 1989 FA Cup final. It is expected to sell for £3,000 to £6,000.
Nicol, 64, is best known for his 13-year tenure at Liverpool FC, which saw him land three FA Cup victories and score 46 goals.