Set your Crock Pot or slow cooker on low. Add the vanilla candy coating, white chocolate chips, peanut butter chips and 1 1/2 c. of the peanuts. Be sure to reserve the rest of the peanuts for topping the candy.
Let the chocolates cool to set. Cool at room temperature for at least one hour. To speed up the cooling process, place the chocolates in the freezer for about 15 minutes.