Place your tea bags in 1/2 gallon of hot water. The water does not have to be quite at the boiling point so coffee maker is perfect for this. Allow the tea bags to sit in hot water for approximately 15-20 minutes. Pour the hot tea into a 1 gallon pitcher. Add the sugar and stir thoroughly while still hot. Cut the peaches into halves or quarters, discarding the pits. Squeeze the cut peaches to a pulp, into the warm tea. Allow the squeezed fruit to float around in the tea. Fill with cold water and refrigerate. Serve over ice.