Preheat oven to 350°F.
In a medium bowl, sift together first 5 ingredients and set aside.
In a large saucepan, combine sugar and eggs; stir in milk. Add butter and bring to a boil. Allow mixture to cool for 20-30 minutes, or until lukewarm.
Add oats and molasses, stirring until well mixed. Add flour/spice mixture from medium bowl and beat for 1 minute.
Transfer batter to paper lined muffin cups, filling 1/2 full.
Bake for 25-30 minutes.
Melt 1 tablespoon of butter; stir in 1 teaspoon of molasses, 1 1/2 cups confectioners' sugar and 1 tablespoon of milk. Beat until smooth. Ice muffins while still warm. Sprinkle with lightly toasted sweetened, flaked coconut.
Submitted by: CM