In the first part of this work, the feasibility of developing a catalyst with high activity for the oxygen electroreduction reaction (ORR) in acid media and with low Pt loading was demonstrated by over coating a silver (Ag) nanoparticle with a shell of platinum (Pt) and palladium (Pd) En The results show that best activity is not directly related to a higher PtPd loading on the surface of the Ag. The best catalyst in a series of this type of catalyst is found with [email protected]/C which gives a specific activity for oxygen reduction, j(k) (in units of mA cm(-2) of real area), of 0.07 mA cm(-2) at 0.85 V vs. NHE, as compared to 0.04 mA cm(-2) when with a commercial Pt on carbon catalyst (Pt-20/C) is used in an identical electrode except for the catalyst. The mass activity, j(m) (in units of mA mu g(-1) of Pt), for [email protected]/C is 0.04 mA mu g(-1) of Pt at 0.85 V vs. NHE, whereas that for the Pt-20/C gives 0.02 mA mu g(-1) of Pt, showing [email protected]/C is a lower-cost catalyst, because using a Ag core and Pd with Pt in the shell gives the highest catalytic activity using less Pt. (C) 2014 Elsevier B.V. All rights reserved.