Well, checking the drum finishes under the "Vintage Drum Identification" link above would indicate this to be Blue Onyx Pearl. The Set-O-Matic tom mount was introduced in 1968.. and '68-'69 matches up with the serial# graph Dr. CJW has provided. Might be a Modern Solo kit. Torpedo handle t-rods on the bass drum.. flared legs on the floor tom.. I think that all lines up correctly.. they should be date stamped inside.
Sticksaver hoops and t-rods can be had pretty easily.. maybe $35 a drum. The Blue Onyx inlay on a 20" bass drum hoop might be a tough one. 20" hoop you can find ($35-$40) so you could probably do some kind of scan or computer image drawing of the finish then string it together and have a copier shop run you a long plot of it on paper to wrap the hoop while you search for a correct inlay. (just a crazy idea there). Claws and torpedo handle t-rods for the bass could set you back $75-$100 depending on condition. COB Sound King sitting on a flat base stand behind them for another $200. Correct bass drum pedal.. $25.00, correct Hi Hat stand $50.00... two flat bottom cymbal stands.. $200.
I seem to remember reading that the Blue Onyx wrap was prone to spliting.. but that is just a foggy recall.. may not be true.
3 ply shells with the biege paint interiors... great vintage finish.. I would think it would be a great project, from a distance they look in fine shape. Full restoration with correct hardware.. value for the 4 piece somewhere between $700 and $900 depending on the day. With all the correct "stuff" making it a complete kit.. maybe $1200.00.
Disclaimer... all of the above is subject to verification from somebody who knows what they are talking about. ;)
** follow up: Hey good, I'm wrong, Blue Oynx is still available.. http://www.jamminsam.com/onyx_blue_on_drums_1.htm