Line your baking sheet with parchment paper or a silicone mat.

In a medium saucepan, mix the sugar and water over medium heat. Stir gently until the sugar dissolves completely.

Add the raw peanuts to the saucepan and stir to coat them in the sugar mixture.

Bring the mixture to a boil without stirring.

Once boiling, reduce the heat to medium-low.

Stir the peanuts frequently as they cook, watching for a golden brown color, about 8-10 minutes.

Once golden, remove the saucepan from heat and stir in the vanilla extract and salt.

Quickly pour the peanuts onto the prepared baking sheet and spread them into an even layer.