yeah i came back to an old assassin save, began looking in all the player homes for the ancient assassin armor, finally found it on one of the initiates following me.
I think you can get another set by going back to the Nightingale hideout near Riften (I forget what it's called - Nightcaller Temple? Something like that anyway) and clicking on the stone again. It might be worth a try if you can't find your original set.
The worst for me was when I dropped my Savior's Hide armor in the empty firepit of my pre-upgraded Breezehome. I was in a hurry and I figured I'd find a more permanent place for it later. In the meantime, I upgraded the living room. The next time I entered Breezehome there was a fire in the pit and my Savior's Hide armor had vanished.
This is why my current character is not going to purchase several houses, like my first one. I was forever forgetting where I'd put stuff. And I stored and never found again my Ebony Mail Armour, which I loved.