Here it is experimentally shown that Co nanoparticles with a single-domain crystal structure support a plasmon resonance at approximately 280 nm with better quality than gold nanoparticle resonance in the visible. Magnetic nature of the nanoparticles suggests a new type of these plasmons. The exchange interaction of electrons splits the energy bands between spin-up electrons and spin-down electrons. It makes it possible for coexistence of two independent channels of conductivity as well as two independent plasmons in the same nanoparticle with very different electron relaxation. Indeed, the density of empty states in a partially populated d-band is high, resulting in a large relaxation rate of the spin-down conduction electrons and consequently in low quality of the plasmon resonance. In contrast, the majority electrons with a completely filled d-band do not provide final states for the scattering processes of the conduction spin-up electrons, therefore supporting a high quality plasmon resonance. The scattering without spin flip is required to keep these two plasmons independent.