A penis on a transsexual woman, this sort of cock is ultra feminine and is completely female in the context of sexuality.
A penis in this context is part of the male to female transsexual's feminine identity, and therefore is female (not in regards to chromosomal sex ie. xx or xy, but in regards to gender identity).
Some transsexual women lose the ability to ejaculate and become erect due to hormone therapy, however the functionality of the penis has nothing to do with whether or not it is a "shecock."
She tucks her shecock into her panties only to reveal it to a special person who appreciates her beauty.