Caramel peanut balls are a no bake candy that taste kind of like a Snickers but look kind of like a buckeye. These fun treats only take 4 ingredients to make and are a great way to satisfy your sweet tooth.
In a medium pan, stir together finely chopped peanuts and sweetened condensed milk.
Cook over medium heat, stirring frequently, for 8-10 minutes. The mixture should deepen in color and get thicker as well. It is done when it starts for form a ball around the spoon, or leaves a clear track behind the spoon when you are stirring.
Remove from heat and stir in the vanilla.
Cool the mixture for about 10 minutes. Scoop onto wax paper. The mixture is rich, so just under a Tablespoon is a good size. However, you can make them as large or small as you would like.
Chill the mixture for about 5 minutes. Roll each ball between the palms of your hands to smooth it out and shape it. Pop the balls back into the refrigerator for about 5 more minutes.
Meanwhile, melt the chocolate. Use a toothpick to dip each ball into the melted chocolate and then place back on the wax paper to set up.
Store at room temperature for up to a week, or refrigerate for longer storage.
Notes
It will take a little less than a 16 ounce container of dry roasted peanuts to make 3 cups of finely chopped nuts. You can also use other nuts if you prefer.