In this paper, copper nanoparticles were prepared by the reduction of copper(II) acetate in water and 2-ethoxyethanol using hydrazine under reflux. The synthesized nanoparticles exhibit a distinct absorption peak in the region 572−582 nm. The average size variation from 6.6 to 22.7 nm in ethoxyethanol and from 15.5 to 30.2 nm in water was achieved by the addition of various amounts of a protective polymer (poly(N-vinylpyrrolidone)). The nonlinear optical properties of the copper colloids were first measured using the Z-scan technique. The χ(3)/α0 values obtained were found to be of the magnitude of 10-11−10-12 esu cm, which are in good agreement with the reported values obtained for copper nanoparticles embedded in glass.