Blend peanut butter, sugar butter and vanilla. ( dough will look dry)
Roll into 1 inch balls and place on wax paper lined cookie sheet.
Poke a toothpick into the top of each ball (to be used later as the handle for dipping) and chill in freezer until hard. (1/2 hour).
Melt chocolate chips in the top of a double boiler ( use very low heat, not much hotter than tap water or the chocolate will get grainy. This will take awhile).
Dip frozen peanut butter ball in chocolate holding onto the toothpick. Leave a small portion of peanut butter showing at the top to make them look like Buckeyes.
Put back on cookie sheet and refrigerate 2 hours.