[en] Nanocrystalline Sm_0.5Y_0.5Co₅ powders with high coercivity H_C and enhanced remanence M_r were prepared by mechanical milling and subsequent annealing. Annealing temperatures T ranging from 973 to 1173 K, and times t ranging from 1 to 5 min were used. X-ray diffraction (XRD) and DC-magnetization measurements were carried out to study the microstructure and magnetic properties of these samples. XRD patterns demonstrate that the average grain size < D> of the nanocrystalline powders depends on the annealing temperature T and time t: < D> ranges from 11 nm (for T=973 K and t=1 min) to 93 nm (for T=1173 K and t=5 min). Magnetic measurements performed at room temperature indicate high coercivity values (H_C>955 kA/m), and enhanced remanence (M_r/M_max>0.5) for all samples. A strong annealing-induced grain size dependence of these magnetic properties was found