Buy Circus Peanuts in the 12-5 oz peg bags to save money and have plenty to share with family, friends, and coworkers! Young and old will go bananas for this classic treat from Spangler Candy. Orange in color and peanut in shape, this marshmallow candy is what childhood memories are made of. Invented in the 1800s, Spangler Circus Peanuts are the traditional marshmallow candy everyone remembers.