Here we report on the very low size stability of electrocatalytically active 1.5 to 2.0 nm diameter tetrakis(hydroxymethyl)phosphonium chloride-stabilized Au nanoparticles (THPC Au-2nm NPs) chemically attached to glass/indium tin oxide electrodes. The potential for oxidative dissolution of THPC Au-2nm NPs in the presence of bromide is about 250 mV negative of 4 nm diameter citrate-stabilized Au NPs (Cit Au-4nm NPs) and 450 mV negative of bulk Au, which provides us with an easy method to assess the size stability using anodic stripping voltammetry. The THPC Au-2nm NPs show a strong CO2 reduction wave at about -0.40 V (vs RHE), which is nonexistent for the Cit Au-4nm NPs or bulk Au. The THPC Au-2nm NPs are also comparatively more electroactive for the hydrogen evolution reaction. In acid electrolyte, however, the potential for surface Au2O3 formation on THPC Au-2nm NPs is significantly negative relative to bulk Au, and a single cycle through the surface oxide and reduction waves leads to an increase in the NP size to about 4 nm. Similarly, the THPC Au-2nm NPs undergo Ostwald ripening in the presence of bromide within 5 min at potentials well before oxidation, which increases their size to 4-10 nm in diameter by 35 min. Exposure to ozone for only 1-2 min also causes the THPC Au-2nm NPs to increase in size to about 4 nm. In comparison, Cit Au-4nm NPs are stable under all of these conditions, requiring much longer times to change in size. These differences in reactivity and size stability are due to the different Au NP size. Sub-2 nm diameter NPs with weak stabilizers are potentially very useful for electrocatalysis, but their low oxidation potential and poor size stability are major issues of concern.