Herein, the overall structure of a nanocluster coprotected by phosphine and mercaptan ligands [Au 7 Ag 8 (SPh) 6 ((p-OMePh) 3 P) 8 ]NO 3 (Au 7 Ag 8 ) was reported. For comparison, a previously reported nanocluster with the same structure, but a different metal composition, [Au 13 Cu 2 (TBBT) 6 ((p-ClPh) 3 P) 8 ]SbF 6 (Au 13 Cu 2 ), was synthesized. In addition, their optical and electrocatalytic CO 2 reduction properties were comprehensively compared. The results reveal that the photoluminescence quantum yield (PLQY) of the Ag-doped Au 7 Ag 8 nanocluster is 1.62%, which is seven times greater than that of the Cu-doped Au 13 Cu 2 nanocluster (PLQY = 0.23%). Furthermore, the Au 13 Cu 2 nanocluster demonstrates significantly enhanced catalytic selectivity for CO, with a CO Faradaic efficiency ranging from 79.7% to 90.4%, compared with that of the Au 7 Ag 8 nanocluster (CO Faradaic efficiency: 67.2%-77.7%) within a potential range of 0.5 to −1.1 V. From structural analyses, the superior CO selectivity of Au 13 Cu 2 is attributed to the copper dopant.