The LA Galaxy midfielder has confirmed he has missed out on a place in Stuart Pearce's Team GB football squad but is still keen on being part of the festivities for London 2012
The former England captain failed to make Stuart Pearce's squad as one of three over-23 picks reportedly due to concerns over his ability to play consecutive games over a short period of time.
However, Coe, who worked closely with the 37-year-old during the bidding process for the Games, believes Beckham can still take part in some capacity.
He told The Mirror: "David has been an extraordinary supporter - probably our number one supporter - of the Games from the very beginning and is keen to continue his enthusiastic support right to the end.
"He is from East London and knows how important the Games and sport are to young people.
"He is a great role model and we are lucky to have such an advocate."
Goal.com has learned that one of the three over-age spots will go to Manchester City defender Micah Richards, with Craig Bellamy and Ryan Giggs taking the two other places.
However, the former Manchester United midfielder is expected to take part in the Games' opening ceremony - although he would need permission from his club as it takes place just a day prior to their MLS clash with Dallas.