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Published Jul. 29, 2012 11:22 a.m. ET

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Auctioneers are swinging for the fences, hoping to get seven figures for Babe Ruth's jersey.

A 1920 Yankee jersey, once worn by "The Sultan of Swat," is going on the block next month and is expected to fetch at least $1 million, auctioneers said Monday.

This Ruth jersey, the oldest known existing uniform worn by the Bambino, could challenge the auction record for one piece of baseball memorabilia, set by the Honus Wagner trading card that went for $2.8 million in 2007.

"We've been in this business for 30 years, and this is simply the finest piece we've ever handled," said Dan Imler, managing director of SCP Auctions in Laguna Niguel, Calif. "We could be in business for another 30 years and never handle another piece like this."

Auctioneers declined to name the jersey's current owner, at the private collector's request.

The online auction begins on April 30 and wraps up on May 19.

This Yankee gray road uniform dates to Ruth's first season in New York.

Players did not wear uniform numbers at that point, so the jersey was identified as George Herman Ruth's by the "RUTH G.H." stitched into the inside collar.

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