A non-magnetic cobalt based “noble” metal dental alloy is provided. The alloy generally contains at least 25 wt. % palladium, from 15 to 30 wt. % chromium and a balance of cobalt, where to ensure the alloy is non-magnetic the concentration of chromium in the alloy is at least 20 wt. %, or if the concentration of chromium is less than 20 wt. % the combined concentration of chromium, molybdenum, tungsten, niobium, tantalum vanadium and rhenium is greater than 20 wt. %.