The FePt/Ag core-shell nanoparticles with different Ag shell thickness have been fabricated using a seed mediated technique. The core-shell nanoparticles are annealed at temperatures ranging from 350 to 600°C for 30min in vacuum. The magnetic measurement demonstrates that the FePt/Ag core-shell nanoparticles show a better chemical ordering tendency with a magnetic hardening temperature of 400–450°C, which is almost 100°C lower than that of pure FePt nanoparticles. Negative peaks on the δM curves of the annealed FePt/Ag core-shell nanoparticles demonstrate that the predominant interparticle interactions are dipolar type rather than exchange coupling one. Besides, the FePt/Ag core-shell nanoparticles show both sensitive plasmonic and superparamagnetic properties. The present results indicate that our composite nanoparticles are very promising from the viewpoint of the optoelectronics and biomedical applications.