The Collaborative International Dictionary of English v.0.48:

Coy \Coy\, v. t. [imp. & p. p. Coyed (koid); p. pr. & vb. n.
   Coying.]
   1. To allure; to entice; to decoy. [Obs.]
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            A wiser generation, who have the art to coy the
            fonder sort into their nets.          --Bp. Rainbow.
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   2. To caress with the hand; to stroke.
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            Come sit thee down upon this flowery bed,
            While I thy amiable cheeks do coy.    --Shak.
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