Combine peanut butter, shortening, sugar, honey, and egg in a large bowl; beat with an electric mixer until thoroughly combined.
Mix flour, baking powder, salt, and baking soda together in a bowl. Add to the wet ingredients and mix until blended. Stir in peanuts.
Shape dough into a 10x2 inch log. Wrap in waxed paper and chill in the refrigerator for 3 hours.
Preheat the oven to 400 degrees F (200 degrees C). Grease 2 baking sheets.
Remove dough from the refrigerator and cut into 1/8 inch slices. Place 1 inch apart on the prepared cookie sheets.
Bake in the preheated oven until edges are golden, 8 to 10 minutes. Cool on the baking sheet briefly before removing to a wire rack to cool completely. Repeat to bake remaining cookies.
Peanut Butter and Honey Cookies · Dinner Match Lab | Dinner Match Lab