In small bowl, combine chicken broth, 1 tablespoon sherry, soy sauce, 1 tablespoon cornstarch and sugar; mix well. Set aside. Drain scallops very well and place in large bowl. Combine remaining 1 tablespoon sherry and 1 tablespoon cornstarch, salt and pepper; toss with scallops. Set aside. In large skillet, heat oil over high heat; add the chiles and stir-fry until they begin to darken (about 1 minute). Add garlic and ginger; continue stir-frying for 30 seconds. Add red peppers and green onions; continue stir-frying for 1-2 minutes. Add scallop mixture; stir frequently, but not constantly until scallops are just opaque (about 3-4 minutes). Add chicken broth mixture to the scallops; stirring until sauce thickens (about 1 minute). Add peanuts and stir to coat. Serve immediately.