The radiowave dielectric properties of organothiol monolayer-protected Au and Ag metallic nanoparticles have been investigated in the frequency range of 10 kHz to 2 GHz, where a dielectric relaxation, due to the polarization of the ionic atmosphere at the aqueous interface, occurs. The simultaneous measurement of the particle size, by means of dynamic light scattering technique, and of the particle electrical charge, by means of laser microelectrophoresis technique, allow us to describe the whole dielectric behavior at the light of the standard electrokinetic model for charged colloidal particles. Au and Ag metallic nanoparticles experience a large charge renormalization, in agreement with the counterion condensation effect for charged spherical colloidal particles. The value of the effective valence Z(eff) of each nanoparticle investigated has been evaluated thanks to the dielectric parameters of the observed relaxation process and further confirmed by direct current electrical conductivity measurements. All in all, these results provide support for the characterization of the electrical interfacial properties of metallic nanoparticles by means of dielectric relaxation measurements.