In a large mixing bowl, combine the sweetened shredded coconut, powdered sugar, and finely chopped nuts. Add the creamy peanut butter and vanilla extract, then mix thoroughly using your hands or a spatula until the mixture is well combined and sticky.
Shape the mixture into small balls, approximately 1 inch in diameter. Place each ball onto a parchment-lined baking sheet, ensuring they are spaced evenly apart to facilitate the chocolate coating process.
Cover the baking sheet and place the coconut balls in the refrigerator for about 30 minutes to firm up.
While the coconut balls are chilling, prepare the chocolate coating. In a microwave-safe bowl, combine the semi-sweet chocolate chips and coconut oil. Microwave in 30-second intervals, stirring after each interval, until the chocolate is fully melted and has a smooth consistency.
Once the coconut balls have chilled, remove them from the refrigerator. Using a fork, gently dip each ball into the melted chocolate, making sure to coat it entirely. Allow any excess chocolate to drip back into the bowl.
Transfer the chocolate-coated balls back to the parchment-lined baking sheet.
After all the balls have been coated with chocolate, place the baking sheet in the refrigerator for an additional 30 minutes or until the chocolate has fully set.
For an added decorative flair, melt a little extra chocolate and drizzle it over the hardened treats before serving.
Once the chocolate has completely hardened, transfer the treats to a decorative serving dish, or store them in an airtight container for enjoying later.
Notes
Arrange the chocolate treats on a colorful platter and sprinkle with a little extra shredded coconut for a delightful garnish.