Preheat oven to 425 degrees F. Lightly grease or line twelve standard-size muffin cups. Set aside.
Spread coconut in shallow baking dish and toast in preheated 400 degrees F. oven 7 minutes or until coconut begins to brown. Remove and set aside. Do not turn oven off.
Sift flour, sugar, baking powder, baking soda, salt, and mace into large bowl. Set aside. In small bowl beat egg and stir in remaining ingredients. Add to flour mixture and stir just until dry ingredients are moistened. Some small lumps will remain in batter. Do not overmix.
Fill prepared muffin cups two-thirds full. Bake for 20 to 25 minutes or until toothpick inserted in center of muffin comes out clean. Remove from pan immediately and serve hot.