Once we have found a non-null constant argument, there is no need to
examine additional arguments of the COALESCE.  The previous coding got it
right only if the constant was in the first argument position; otherwise
it tried to simplify following arguments too, leading to unexpected
behavior like this:

regression=# select coalesce(f1, 42, 1/0) from int4_tbl;
ERROR:  division by zero

It's a minor corner case, but a bug is a bug, so back-patch all the way.