First, Baptists do recognize a relationship between Circumcision and Baptism. Colossians 2:11-13 establishes this relationship. But to insist that a direct analogy exists in which Baptism fulfills Circumcision (or replaces it) has no warrant from the New Testament. Circumcision typifies, not Baptism, but regeneration (v. 11). As Paul emphatically states in Galatians, "For in Christ Jesus neither Circumcision availeth anything, nor uncircumcision, but a new creature" (Gal. 6:15). Circumcision foreshadowed by type the specific work of Christ, by his Spirit, in the "removal of the body of flesh" (Col. 2:11).
Baptism includes a picture of fulfilled Circumcision, the quickening of the sinner while he is dead in trespasses and sins, but it includes much more. While the removal of death by the power of life makes Baptism an apt image for this fulfilled Circumcision, Baptism opens one's view to the much fuller intent of Christ's historical work. Baptism expands the focus, not only on the inner life of the sinner, but on Christ's historical work by which life, forgiveness, and righteousness come. The "faith according to the operation of God" (v. 12 translated by Conybeare "faith wrought in you by God") refers to the quickening work of the Spirit raising sinners from death to life by which we are granted the faith which unites us to Christ. Baptism assumes spiritual Circumcision as one aspect of the complete salvation purchased by the death, burial, and resurrection of Christ.
Second, Baptist principles of interpretation function on an assumption of discontinuity as well as continuity. The spirituality of the New Covenant introduces a new order of things, a reality built upon, but different, discontinuous, from the past. "More are the children of the desolate than the children of the married wife" (Is. 54:1).
The principle of continuity/discontinuity may be demonstrated in the Pauline treatment of Circumcision. Circumcision in the Old Covenant signified three things. It was given to mark physically God's people, as separate from the Gentiles. Next, it spiritually pointed back to the righteousness of faith which was imputed to Abraham (Rom. 4:11-25). Finally, it pointed forward to the true Circumcision of heart which would identify the true spiritual children of Abraham (Rom. 2:25-29). Now that Christ has come, these three elements of Circumcision have been fulfilled in the gifts he brought. One, God's people have distinctive characteristics described in terms of holiness, conformity to Christ, and emulation of the cross-bearing of Christ. Two, the righteousness which Abraham had before Circumcision and of which Circumcision was the seal was fully realized in the satisfactory work of Christ. The faith Abraham demonstrated by actions of belief on his part must be manifest just as clearly in his spiritual descendants. Scripture identifies those "who are of the faith of Abraham," as those "to whom it will be reckoned...who believe in Him who raised Jesus our Lord from the dead" (Rom. 4:11, 12, 16, 24). Three, instead of Circumcision of the flesh, those evidences which inevitably accompany the new birth will now be the identifying characteristics of the people of God. They are to "walk in newness of life" (Rom. 6:4).
Precisely those three elements constitute the apostle's refutation of the Judaizers in his letter to the Philippians. Paul calls believers the true Circumcision: "For it is we who are the Circumcision, we who worship by the Spirit of God, who glory in Christ Jesus, and who put no confidence in the flesh" (Phil. 3:3 NIV). Thus, the three elements of Circumcision are fulfilled: 1) worshipping by the Spirit of God signifies the new birth (Circumcision of the heart); 2) glorying in Christ Jesus points to justification by an imputed righteousness (fulfilling Abraham's righteousness of faith clearly pictured in Phil. 3:9); and 3) "no confidence in the flesh" clearly excludes biological pedigree as gaining any standing before God (Phil. 13:4-7). To regard infant Baptism as properly picturing a fulfilled Circumcision builds upon an unwarranted and massive confidence in flesh relationships, precedes any evidence of the work of the Spirit in the new birth, and reduces to nothing the need for manifest faith, that is, "glorying" in Christ Jesus.
Contrary to the bold claim of the Reformed scholar Bannerman in his The Scripture Doctrine of the Church, Baptism does not have a one-to-one correspondence with Circumcision as if Circumcision could picture all the provisions and promises of the New Covenant and its Mediator as well as Baptism. Baptism goes beyond a mere continuation of the old and shows the points in which the new is superior to the old. Baptism includes both continuity and discontinuity. Circumcision is fulfilled; Baptism looks back at its fulfillment in regeneration, forward to the fruition of the reign of grace in resurrection (Rom. 5:21), and the present safety of union with Christ in justification and in the fullness of his redemptive work. "For if we have been united with Him in the likeness of His death, certainly we shall be also in the likeness of His resurrection" (Rom. 6:5).
It is precisely at this point that the paedobaptist call for proof of the exclusion of infants is answered. When the covenant which included them passed away to be replaced by a better covenant with better promises more apposite to the spirituality of the people of God, the inclusion of members without spiritual evidences ceased. Reformed paedobaptists agree that no one inherits the kingdom of God on the basis of a flesh relationship. It is this, however, that makes their willingness, even insistence, that the sign be given on the basis of the flesh relationship incongruous with their soteriology.
Baptism, therefore, in replacing Circumcision as a physical sign, more powerfully displays Circumcision's antitypical reality. Those who are baptized presently testify, volitionally and symbolically, that they experience the substance of that which it symbolizes (Gal. 3:26, 27; Col. 2:12; Rom. 6:1-11). Believers' Baptism does not shrink and circumscribe God's grace or deprive anyone of a legitimate blessing. Instead, it signifies the deliverance of God's people from a yoke of bondage (Gal. 5:3) by another who has already shed his blood to fulfill the Law's demands: It signifies the putting on, or union with, Christ by faith (Gal. 3:25-29); his doing and dying has become my doing and dying. His life is my life.