The invention discloses a silver-coated copper powder and a production method for the same. Provided are a silver-coated copper powder that has excellent storage stability (reliability) and a production method therefor. In the present invention, a silver-coated copper powder is obtained by covering the surface of a copper powder that is obtained by atomization or the like with a silver-containing layer that comprises 5 mass% or more (with respect to the silver-coated copper powder) of silver or a silver compound. The silver-coated copper powder is added to a gold-plating liquid that comprises a potassium gold cyanide solution (to which has ideally been added at least one of tripotassium citrate monohydrate, anhydrous citric acid, and L-aspartic acid), and the surface of the copper powder that has been coated with the silver-containing layer is thereby loaded with 0.01 mass% or more (with respect to the silver-coated copper powder) of gold.