Superparamagnetic nanoparticles are widely used as contrast agents for magnetic resonance imaging. We present the Proton Nuclear Magnetic Resonance Dispersion curves for colloidal suspension of iron oxide nanoparticles used as contrast agents. The systems studied are composed of iron oxide nanoparticles of two different sizes, 80–150 nm dextran coated and 300–400 nm silicon coated. Previous studies show that the longitudinal relaxation time dispersion as a function of the proton Larmor frequency is not easily obtained for the aqueous colloidal suspension of 300–400 nm diameter nanoparticles. We obtained this system longitudinal relaxation time dispersion over a broad range of magnetic fields in a viscous medium. A theoretical model that accounts for the relaxation rate of water protons under the influence of such colloidal superparamagnetic nanoparticles was fitted to the experimental data of both systems. The fit allows access to characteristic parameters of superparamagnetic nanoparticles such as the Néel relaxation time, the nanoparticle radius, particle's magnetic moment and translational correlation time, important parameters for the contrast agent efficiency.