Place the oats in a food processor or blender and pulse until finely ground.
In a mixing bowl, stir together the peanut butter and honey.
Add the ground oats to the peanut butter mixture and continue to stir until thoroughly combined.
Using 1 tablespoon of the mixture at a time (I like to use a mini ice cream scooper or a spoon), roll into balls or logs.
Place the coconut in a separate bowl or plate and roll the balls in the coconut to completely cover.
Notes
To Freeze: place balls on a sheet tray and freeze for 30 min. Remove, place in a ziploc bag, label and keep frozen up to 3 months. They're delicious to eat right out of the freezer, too.