01 - Line a baking sheet with parchment paper to prevent sticking during the chilling process.
02 - Combine chocolate and coconut oil if using in a microwave-safe bowl. Microwave in 30-second intervals stirring between each until melted and smooth. Alternatively melt chocolate in a heatproof bowl over a pot of simmering water using a double boiler method.
03 - Hold each Peep by the base or use a fork to dip into the melted chocolate covering all sides completely. Allow excess chocolate to drip off for an even coating.
04 - Place coated Peeps on the prepared baking sheet. Immediately sprinkle with decorations before the chocolate sets if desired.
05 - Refrigerate for at least 20 minutes or until the chocolate coating is completely firm to the touch.
06 - Serve chilled or bring to room temperature before serving. Store in an airtight container in a cool place.