Thiols are widely utilized to functionalize metal nanoparticles, including ubiquitous citrate-stabilized gold nanoparticles (AuNPs), for fundamental studies and biomedical applications. For more than two decades, citrate-to-thiol ligand exchange has been used to introduce functionality to AuNPs in the 5–100 nm size regime. Contrary to conventional assumptions about the completion of ligand exchange processes and formation of a uniform self-assembled monolayer (SAM) on the NP surface, coadsorption of thiols with preadsorbed citrates as a mixed layer on AuNPs is demonstrated. Hydrogen bonding between carboxyl moieties primarily is attributed to the strong adsorption of citrate, leading to the formation of a stabilized network that is challenging to displace. In these studies, adsorbed citrates, probed by Fourier transform infrared and X-ray photoelectron spectroscopy (XPS) analyses, remain on the surface following thiol addition to the AuNPs, whereas acetoacetate anions are desorbed. XPS quantitative analysis indicates that the surface density of alkyl and aryl thiolates for AuNPs with an average diameter of ∼40 nm is 50–65% of the value of a close-packed SAM on Au(111). We present a detailed citrate/thiolate coadsorption model that describes this final mixed surface composition. Intermolecular interactions between weakly coordinated oxyanions, such as polyprotic carboxylic acids, can lead to enhanced stability of the metal–ligand interactions, and this needs to be considered in the surface modification of metal nanoparticles by thiols or other anchor groups