Questions and postings pertaining to the usage of ImageMagick regardless of the interface. This includes the command-line utilities, as well as the C and C++ APIs. Usage questions are like "How do I use ImageMagick to create drop shadows?".
What is not working about the png result? Are you trying to get a transparent background? If the png file has no transparency, then just using -background none -flatten or just -background none will not change that. You need to use -transparent somecolor, where somecolor is the color you want to change to transparent.
Can you post your input image to some free hosting such as dropbox.com and put the URL here so we can test with it?
Also note that -coalesce is not likely to affect psd files as they are not optimized as in gif and if used, it should appear after the input image.
That works for me on IM 6.9.2.7 Q16 Mac OSX. Adding [0] to any non-layered file will not hurt, since the first layer [0] is the only layer.
However, note that Imagemagick does not generally know about all the "fancy" layers in a PSD file. (Yours has many of these, but they do not seem to be doing anything to the base image.) It only can handle simple layers. So you may not be able to extract other individual layers.
If the above does not work, then check your version of libpng.