In a bowl, combine eggs, sweetened condensed & milk & extract(s) and whisk for about 2 minutes.
Add 1 cup of shaved coconut and mix.
Set aside.
For caramel:
Add sugar to the flan mold and bring to medium-high heat.
Allow all of sugar to melt down until golden caramel, stirring constantly. Do not allow the color of the sugar to become too dark or burn.
When sugar is fully liquified, carefully coat the bottom and entire sides of the flan mold using hand towels to hold the pan (I suggest using a brush if you are not experienced in handling extremely hot caramel).
Let sit for 2 minutes until sugar sets.
Pour mixture into pan using a medium mesh hand strainer.
Close pan tightly.
Pressure cooking the flan:
Fill your 6 qt. pressure cooker with 3 cups of water or up to 2′′ from the bottom. If using a 10 qt. pressure cooker, add an additional cup of water.
Carefully place the flan mold in the center. Close the lid to your pressure cooker. If using a vintage model, place the jiggler on top. If your vintage model has a jiggler with 3 PSI settings, set it to 15. If using a new flan mold that does not have a jiggler (which I would recommend), lock it and turn your heat on to high.
At exactly 5 minutes you will hear the pressure cooker start to hiss. This means it has reached its pressure point. Let cook on that setting and on high for another 5 minutes.
Turn off heat and allow the flan to finish cooking with the remaining pressure inside the cooker. Do not cook for more than an additional 5 minutes, even with heat turned off. Your new flan mold will allow you to open the lid once all of the pressure is released. If you’re using an older model, remove the pressure cooker from the stove and place it under cold running water until all pressure has been released.
Open carefully and remove your flan pan using dish towels or thick oven gloves. Be extremely careful, as the cooker is really hot.
Do not remove flan from the pan. Refrigerate for 7-9 hours or overnight.
To serve, use a butter knife to loosen the sides of the flan all the way around. Take a large plate, place upside down on top of the flan and flip! Sprinkle reserved coconut shavings on top of the whole flan. Be careful not to waste any of the caramel sauce, cuz it’s too good!
