Hodgkinson surged to a surprise 800 metres silver at the postponed Tokyo 2020 Olympics before meeting expectations as the favourite to claim her first Olympic gold in Paris this year.
The 22-year-old has, since Tokyo, twice collected silver at world championships, and will look to go one step further at the 2025 worlds next September in Japan.
"She's there," said Coe, when asked about Hodgkinson's status in the British pantheon.
"She's there. You don't win a Europeans and an Olympics and effectively smash a national record that has stood for a long time, and finish number two on the ranking list in the world, without being there.
"I think the question is how long will she be able to maintain that, from being so relatively young in doing that? "But, yeah, she's up there.
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