The correct spelling of the word "peskin" is debatable, as it is not a commonly used term. However, based on pronunciation, the word can be spelled as /ˈpɛskɪn/ or /ˈpɛskɪŋ/ in IPA phonetic transcription. The first spelling would indicate a singular noun, while the latter would suggest a gerund or an action in progress. As with many words, context is key in determining the appropriate spelling and usage of "peskin."