Yes, there is a material I used to encounter from some dealers and collectors in Central Europe that was sometimes used to shellac coins to "preserve them". Its name sounds like polaroid but is Paraloid.
From a conservation materials website the material is Paraloid-72 and is also known as Acryloid B-72. It is a copolymer of ethyl methacrylate and methyl acrylate supplied in 100% resin pellets which are soluble in acetone, toluene and xylene.
In my experience it is used by some European dealers and collectors but is not always used well or properly.
You can find out how to remove it by reading up on the product online.
SC