Jay-Z‘s tenth studio album, American Gangster, is projected to sell between 425-450,000 in first week sales.

According to Hitsdailydouble.com, American Gangster is on track to debut at number one on the Billboard 200 this week, selling between 425,000 to 450,000 units and officially tying with Elvis Presley for second place among artists with the most No. 1 albums. Last year Hov’s highly publicized comeback album, Kingdom Come, which also came out in November, sold 680,000 copies.

Jay’s American Gangster was inspired by the Ridley Scott’s film of the same name, starring Denzel Washington and Russell Crowe and based on the life of Harlem-based heroin kingpin Frank Lucas. Considered to be his first conceptual album, American Gangster is Jay-Z’s rendering of the rise and fall of a hustler.

In related news, this weekend SIRIUS Satellite Radio closed out a week of programming dedicated to Jigga by broadcasting an exclusive concert performance from his five-city tour. Hov took over hosting duties at SIRIUS’ “Hip-Hop Nation” last week, rechristening it “JAY-Z Nation.”

On Saturday (November 10), the station aired a live recording of Jay-Z’s House of Blues concert in Chicago. The concert featured guest appearances by Kanye West, Freeway and Beanie Sigel. SIRIUS also repeated the concert broadcast yesterday (November 11) at 8 p.m.