Pre-heat the oven to 350°F.
Place the raw peanuts, in a single layer, inside a shallow baking pan.
For shelled peanuts, place in pre-heated oven and bake for 15 to 20 minutes; stirring once or twice during cooking, until the skins become loose and the peanuts are lightly golden.
For unshelled peanuts, place in pre-heated oven and bake for 20 to 25 minutes; stirring once or twice during cooking, until the shells are lightly golden brown.
Remove from oven and let cool, for at least 10 minutes, before eating; the peanuts will continue to cook when removed from the oven.
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