"the skin of the raccoon, dressed with the fur on," 1818, American English, from coon + skin (n.).
Entries linking to coonskin
coon n.
popular abbreviation of raccoon, 1742, American English. It was the nickname of Whig Party members in U.S. c. 1848-60, as the raccoon was the party's symbol, and it also had associations with frontiersmen (who stereotypically wore raccoon-skin caps), which probably ultimately was the source of the Whig Party sense (the party's 1840 campaign was built on a false image of wealthy William Henry Harrison as a rustic frontiersman).
The now-insulting U.S. meaning "black person" was in use by 1837, said to be from barracoon (by 1837), from Portuguese barraca "slave depot, pen or rough enclosure for black slaves in transit in West Africa, Brazil, Cuba." If so, no doubt this was boosted by the enormously popular blackface minstrel act Zip Coon (George Washington Dixon) which debuted in New York City in 1834. But it is perhaps older (one of the lead characters in the 1767 colonial comic opera "The Disappointment" is a black man named Raccoon).
Also, in Western U.S., "a person" generally, especially a sly, knowing person (1832). Coon's age is 1843, American English, probably an alteration of British a crow's age. (Crows are famously long-lived. Compare Greek tri-koronos "long-lived," literally "having three times the age of a crow." But raccoons are not.) Gone coon (1839) was used of a person who is in a very bad way or a hopeless condition.
skin n.
c. 1200, "animal hide" (usually dressed and tanned), from Old Norse skinn "animal hide, fur," from Proto-Germanic *skinth- (source also of rare Old English scinn, Old High German scinten, German schinden "to flay, skin;" German dialectal schind "skin of a fruit," Flemish schinde "bark"), from PIE *sken- "to peel off, flay" (source also of Breton scant "scale of a fish," Irish scainim "I tear, I burst"), extended form of root *sek- "to cut."
The usual Anglo-Saxon word is hide (n.1). The meaning "epidermis of a living animal or person" is attested from early 14c.; extended to fruits, vegetables, etc. late 14c. Jazz slang sense of "drum" is from 1927. As short for skinhead from 1970. As an adjective, it formerly had a slang sense of "cheating" (1868, compare the verb); that of "pornographic" is attested from 1968. Skin deep "superficial, not deeper than the thickness of the skin" (also literally, of wounds, etc.) is attested by 1610s:
All the carnall beauty of my wife, Is but skin-deep.
[Sir Thomas Overbury, "A Wife," 1613; the poem was a main motive for his murder]
The skin of one's teeth as the narrowest of margins is attested from 1550s in the Geneva Bible, a literal translation of the Hebrew text in Job xix.20. To get under (someone's) skin "annoy" is from 1896. Skin graft is from 1871. Skin merchant "recruiting officer" is from 1792 (the older sense is "dealer in hides"). Skin and bone as a description of emaciation or extreme leanness is in Middle English:
Ful of fleissche Y was to fele, Now ... Me is lefte But skyn & boon. [hymn, c. 1430]