Nanocrystalline Bi 0.85 Sb 0.15 powders were prepared by a novel mechanical alloying method. The bulk samples were formed by applying a pressure of 6 GPa at different pressing temperatures and times. Electrical conductivity, Seebeck coefficients, and thermal conductivity were measured in the temperature range 80-300 K. The Seebeck coefficient reaches a maximum value of À173 mV/K at 150 K. The largest figure of merit, 3.46 3 10 À3 K À1 , achieved in this experiment is 50% higher than that of its single-crystal counterpart at 200 K.