Nanocrystals of Cu/Co with a nearly pure Cu core and a Co-rich shell have been chemically synthesized. This structure results from reaction kinetics and represents an inversion of surface composition since the surface energy of Co is larger than that of Cu. Both the Cu core and the Co-rich shell initially have an fcc structure and a common lattice constant. Annealing at temperatures in the range of 300 to 600°C causes the material to phase separate, forming small, increasingly pure Co nanocrystals which aggregate on the surface of the pure Cu nanocrystals. © 1999 American Institute of Physics. ͓S0003-6951͑99͒02621-2͔The Cu/Co system, which has no intermetallic compounds and limited mutual solubility, has been studied extensively. 1,2 Despite the limited solubility, metastable solid solutions have been prepared by rapid quenching, 2,3 sputtering, 4,5 and mechanical attrition. 6,7 Giant magnetoresistance in granular systems was first observed 5,8 in phaseseparated, sputtered films of Cu 8 Co 2 .Here we report the chemical synthesis of nanocrystalline Cu 80 Co 20 with an unusual structure. The nanocrystals have a nearly pure Cu face-centered-cubic ͑fcc͒ core and a Co-rich outer fcc shell with the same lattice constant as the Cu core. This result is surprising because the surface energy 9 of Cu, 1.934 J m Ϫ2 , being smaller than that of Co, 2.709 J m Ϫ2 , affects the morphology of Cu/Co bilayers. For example, a 380 K anneal of a thin Co film deposited on Cu causes Cu atoms to diffuse through pinholes onto the Co surface. 10 Our surface composition inversion is a result of reaction kinetics.Annealing causes the material to phase separate, forming smaller, increasingly pure, Co nanocrystals which form on the surface of the larger, pure Cu nanocrystals. A potentially useful property of the material is that because the Co oxidizes preferentially, the oxidation of the Cu is significantly delayed. 11 The polyol process is another chemical route that has been used 12 to investigate nanocrystalline Cu/Co, but no evidence was found for the structural evolution reported here.Our material is prepared by first precipitating a hydroxide from solutions of either metallic chlorides or nitrates. The hydroxide is converted first to an oxide and then reduced to metallic form ͑flowing hydrogen at 205-215°C for 15 min͒. Heat treatments at higher temperatures and longer times cause complete phase separation and increase the particle size. The different stages of the structural evolution are illustrated in Fig. 1. It is important that one or both of the precursors, the hydroxide and/or the oxide, contains a mixture of Cu and Co. If not, then reduction leads directly to phase separation. When we apply a similar procedure to the Cu/Fe system, a metastable solid solution is not formed ͑pre-sumably because Cu and Fe do not form mixed metal precursors͒. In the following, we present experimental evidence supporting the structural and morphological evolution described above.X-ray photoelectron ͑XPS͒ and energy-dispersive x-ray ͑EDXS͒ spectrosco...