Cheese grits: bring two cups of water to boil in a medium-sized pot over medium-high heat.
Once boiling, stir in the grits reduce heat to medium or medium-low, and cook the grits for 5 minutes until they become thickened.
After 5 minutes, add shredded cheese, garlic powder, salt, and black pepper and stir until the cheese is melted. Taste to see if they need more seasoning.
Pour the grits into an 8 x 8-inch baking dish and allow to cool for 15 minutes before covering the dish with plastic wrap or foil and placing the dish in the refrigerator for at least 2 hours or up to 2 days.
Frying cheese grits: after the grits are fully cooled in the refrigerator and once you're ready to sandwich, it's time to fry the cheese grits.
Slice a bread-sized slice of cooled-off grits and remove to a plate or piece of parchment. Lightly dust the grit square with all-purpose flour.
Add 1 tablespoon butter and 1 tablespoon vegetable oil to a medium-sized skillet over medium heat. When the butter and oil are melted and bubbling add the rectangle of cheese grits.
Fry the grit patty for 3 to 4 minutes per side. After both sides have cooked, carefully move to a plate while you cook the eggs and ham.
Folded egg: add 1 teaspoon of butter to a medium pan over medium-low heat.
Crack 1 egg into a bowl and whisk thoroughly. Add the egg to the pan when the butter is melty and appears bubbly.
Sprinkle the salt and black pepper on the eggs and scramble everything in the pan for four or five minutes until the eggs are just starting to firm up.
Add a small handful of crushed peanuts a few at a time until it looks like there are enough so that each bite would have some peanuts in them.
Once the eggs seem to have set a little, start to fold them over themselves like a pamphlet or brochure. Try to form the eggs into the size of the bread that your sandwich will be on.
Remove the eggs from the pan and place them on a plate but leave the pan on the heat.
Country ham: warm the slices of country ham in the still-hot pan. It should only take a minute or two per side.
Sandwich assembly: toast the bread slices. You can do this in a toaster or toaster oven or on the same pan you're cooking everything else. Add a spread of peach jam on one piece of toast.
Add the fried cheesy grit patty onto the peach jam-covered slice of bread. On top of the patty, add the pieces of country ham, and then top with folded egg and peanuts.
Add a bit more peach jam onto the top slice if you prefer and then complete the sandwich.
Serve and enjoy.