nanoelectronic devices. [21,23] Bimetallic nanoparticles are of specific interest because of their versatility and tunability mainly for (photo)catalytic applications. Especially the gold-silver combination has been thoroughly investigated due to its optical surface plasmon resonance (SPR) absorbance that can be tuned over the entire visible range of the electromagnetic spectrum, merely depending on the composition of both metals. [2,13,14,24] Various methods have been applied to synthesize Au-Ag bimetallic nanoparticles, of which the most widely used is the Turkevich method. [25] This method is based on the coreduction of metal precursors in the presence of a stabilizing agent, usually sodium citrate, in boiling water. Most studies report on the formation of alloy nanoparticles, [26][27][28][29][30][31][32] although some researchers have also indicated the possible formation of core-shell structures. [29,33] The assumption of a full alloy composition is mostly based on UV-vis absorption data, that only show one single plasmon band in the visible light range. [29][30][31][32]34,35] Indeed, two separate plasmon bands are usually observed in the case of a core-shell structure. [27,35,36] Hereby, it is important to note that according to Mie theory, the total extinction cross-section scales with the volume of the nanoparticles. [37] The observation of only one plasmon band in the UV-vis spectrum therefore not excludes a core-shell structure, since such a morphology with a sufficiently thick shell also leads to a sole plasmon band. Other indirect evidence of alloy formation is provided by 2D energy-dispersive X-ray (EDX) projection images. However, 2D TEM projection images of 3D objects can be very misleading and are not necessarily representative for the real 3D composition. [38] In this work, we aim to accurately elucidate the real structure and synthesis pathway of gold-silver bimetallic nanoparticles, synthesized according to the universally applied Turkevich method, by analyzing samples taken at several time intervals during the synthesis. An experimental wet-chemical study is linked to both an advanced electron microscopy analysis, including EDX tomography, and extensive modeling. In this way a complete analysis is provided to once and for all unravel the structural enigma surrounding the Turkevich synthesis of gold-silver bimetallic nanoparticles.For the synthesis of gold-silver bimetallic nanoparticles, the Turkevich method has been the state-of-the-art method for several decades. It is presumed that this procedure results in a homogeneous alloy, although this has been debatable for many years. In this work, it is shown that neither a full alloy, nor a perfect core-shell particle is formed but rather a core-shelllike particle with altering metal composition along the radial direction. In-depth wet-chemical experiments are performed in combination with advanced transmission electron microscopy, including energy-dispersive X-ray tomography, and finite element method modeling to support the observations. From th...