The fabrication method and magnetic properties of Sm12.5Co66.5Fe8Cu11Si2 alloy are presented in this article. The samples were produced by rapid quenching of the liquid alloy onto a rotating, copper wheel (the so-called ‘melt-spinning’ method) and they had a thin ribbon shape. The microstructure of the samples was investigated by measurements of diffraction patterns for powdered samples, in order to obtain data from the entire volume of the sample. It was found, that samples were composed of different amounts of Sm2Co17, SmCo5 and SmCo7 phases, depending on the linear velocity of the copper wheel used during the fabrication process. The magnetic measurements were performed using a vibrating sample magnetometer (LakeShore VSM) working with an external magnetic field of up to 2 T. It was found that the obtained ribbons displayed relatively good hard magnetic properties, such as remanence μ 0MR, and high resistance to demagnetization fields JHC.