In a small mixing bowl, mix together the softened butter, creamy peanut butter, and powdered sugar.
Take about a tablespoonful or small cookie scoop full of the peanut butter mixture and begin to roll it between your hands. Shape it into as round of a ball as you can, and place it in a single layer on a prepared baking sheet lined with wax paper. Continue rolling the rest of the dough into balls.
Add toothpicks, for dipping, to each ball.
Chill the peanut butter balls in the fridge or freezer for about 30 minutes.
Add the chocolate to a microwave-safe measuring cup or bowl; and melt, starting at 30 seconds, then stirring every 15-20 seconds, 'til melted and smooth.
Remove the peanut butter balls from the freezer, and using the inserted toothpicks, dip every single peanut butter ball, partially immersing each one into the melted chocolate.
Chill the chocolate covered peanut butter balls in the fridge or freezer ’til set, probably about 15-20 minutes.
Then remove all the toothpicks and cover up the holes with your finger (optional step).
Store the buckeyes in a wax paper lined airtight container or festive Christmas tin in the fridge.