There have been important advances in characterizing the surface coverage of ligands on colloidal inorganic nanoparticles (NPs), but our knowledge of ligand coverage on lanthanide NPs is much more limited. The assynthesized NPs are often coated with hydrophobic ligands that need to be replaced with hydrophilic ligands such as poly(ethylene glycol) (PEG) for biomedical applications. The two challenges in terms of characterizing ligand coverage on NPs are first to show that different analytical methods give consistent results and second to show how the sample preparation protocol affects ligand density. Here, we report a quantitative study of the native oleate content of as-synthesized NaYF 4 and NaTbF 4 NPs, as well as the surface coverage after ligand exchange with three methoxyPEG-monophosphates with M n = 750, 2000, and 5000 Da. For NaYF 4 , we obtained consistent results for both oleates and PEGs by three independent methods (TGA, 1 H NMR, and ICP-AES). The oleate coverage was very sensitive to the sample isolation/purification protocol, with a high surface coverage (5.5 to 8 nm −2 ) for ethanol/hexane sedimentation/ redispersion but only 2 nm −2 if THF was used in place of hexanes. The surface coverages PEG750 (∼1.1 nm −2 ), PEG2000 (∼1.7 nm −2 ), and PEG5000 (∼0.2 nm −2 ) suggest that corona repulsion limits the number of PEG5000 molecules that can graft to the surface. For NaTbF 4 NPs, we compared the surface coverage of PEG2000-monophosphate with a PEG2000-tetraphosphonate ligand shown to provide enhanced colloidal stability in PBS buffer. We found the surprising result that the footprints of these ligands were comparable, suggesting that there was insufficient room for all four phosphonate groups of the tetradentate ligand to bind simultaneously to the NP surface.