In the bowl of a food processor, process wafer cookies, toasted coconut and pecans until finely ground. Set aside. (You may have to do this batches.)
In a large bowl, sift together 1 cup powdered sugar and salt.
Stir together coconut rum and honey.
Add vanilla wafer, coconut and pecan mixture. Mix well.
Chill in the refrigerator for 30 minutes.
In the bowl of the food processor, combine remaining 1/2 cup of powdered sugar and toasted coconut. Pulse to break up coconut and combine with sugar.
Place coconut sugar mixture in a shallow bowl and set aside.
Scoop out tablespoon portions, roll into balls and toss to coat in sugar mixture.
Place on parchment lined baking sheet, cover with plastic wrap and refrigerate for at least 1 hour before serving.