According to the Stuff.co.nz website, the jerseys were stolen from the garage of MacDonald's house in Blenheim early on Sunday morning.
The jerseys were among about 20 in a black carrier bag which two teenage boys stole from a garage adjoining the family home. Two other bags containing more jerseys were not touched.
MacDonald said he and his wife Hayley were returning home about 01:00 from a night in town when they disturbed the intruders.
He said the teenagers claimed they were there to meet someone at that address. They verbally threatened the couple before taking off on foot.
MacDonald, who turned 37 on Sunday, said he felt "gutted" losing the jerseys.
Among the missing items are All Blacks jerseys with the date, game and his name embroidered on them, a 2005 British and Irish Lions jersey and others from Australia, South Africa, England, France and Italy.
MacDonald said the Lions jersey was the one he prized most.
He played 56 Tests for the All Blacks between 2000 and 2008.