Neely's Jumbo Coconut Shrimp

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Peanut oil, for frying

1 1/2 pounds jumbo shrimp, peeled and deveined

1 cup panko bread crumbs

1 cup shredded sweetened coconut

4 large eggs

Salt and freshly ground black pepper

1 cup all-purpose flour

1/2 tablespoon onion powder

1/2 tablespoon granulated garlic powder

Zesty Dipping Sauce, recipe follows

Zesty Dipping Sauce:

One 6-ounce jar orange marmalade

1/4 cup sweet Asian chili sauce

1 lime, juiced