A coating composition for use in coating foods, confections, nutraceuticals and pharmaceuticals is comprised of shellac in aqueous solution, a hydrolyzed starch product having a dextrose equivalent of 10 or greater and an effective amount of a plasticizer. The coating composition provides a surprisingly high gloss coating. The edible film coating composition solution may be stabilized by adding an effective amount of ethylene diamine tetraacetic acid salt wherein the solution may remain stable for at least three months. The ethylene diamine tetraacetic acid salt may include disodium, trisodium and tetrasodium salts of ethylene diamine tetraacetic acid. Preferably, the concentration of ethylene diamine tetraacetic acid is about 0.5% to 2% of the solution.