We have theoretically studied and optimized the field enhancement and temporal response of single and coupled bimetal Ag/Au core–shell nanoparticles (NPs) with a diameter of 160 nm and compared the results to pure Ag and Au NPs. Very high-field enhancements with an amplitude reaching 100 (with respect to the laser field centered at 800 nm) are found at the center of a 2-nm gap between Ag/Au core–shell dimers. We have explored the excitation of the bimetal core–shell particles by Fourier transform-limited few-cycle optical pulses and identified conditions for an ultrafast plasmonic decay on the order of the excitation pulse duration. The high-field enhancement and ultrafast decay makes bimetal core–shell particles interesting candidates for applications such as the generation of ultrashort extreme ultraviolet radiation pulses via nanoplasmonic field enhancement. Moreover, in first experimental studies, we synthesized small bimetal Ag/Au core–shell NPs and compared their optical response with pure Au and Ag NPs and numerical results.