Coconut Caramels

1 teaspoon butter
24 caramels
3/4 cup plus 2 tablespoons flaked coconut, divided
1/2 cup white baking chips
1/2 cup salted peanuts

Line a 8 x 4 loaf pan with foil and grease the foil with butter set aside.

In a microwave safe bowl, combine the caramels, 3/4 cup coconut, baking chips and peanuts.  Microwave on high, uncovered for 1 minute, stir.  Cook uncovered, 30-60 seconds longer or until caramels are melted, stir to combine.  Press into prepared pan.  Sprinkle with remaining coconut. Cool.

Using foil lift candy out of pan.  Discard foil, cut candy into 1" squares.

Yield about 3/4 pound.

Tested in a 1,100 watt microwave.