The synthesis and characterization of 1-3-nm diameter, structurally well-defined, bimetallic AuAg dendrimer-encapsulated nanoparticles (DENS) are reported. Three different bimetallic structures were examined: AuAg alloys synthesized by cocomplexation and subsequent reduction of dendrimer-encapsulated AU(3+) and Ag+ and core/shell [Au](Ag) and [AuAg alloy](Ag) structures (for structured materials, brackets indicate the core metal and parentheses indicate the shell metal) synthesized by a sequential loading method. Depending on the shell metal and its oxidation state, the AuAg nanoparticles can be extracted from the dendrimer into an organic phase using different surfactants. This provides a means for analyzing the composition of the shell. UV-vis, TEM, and single-particle X-ray energy dispersive spectroscopy (EDS) were used to characterize the bimetallic DENS before and after extraction and show that the extraction step does not alter the size or composition of the bimetallic nanoparticles.