"It is a mistake to suppose that baptism has come in the place of circumcision. As that which supplanted the Old Testament sacrifices was the one offering of the Saviour; as that which superseded the Aaronic priesthood was the high priesthood of Christ; so that which has succeeded circumcision is the spiritual circumcision which believers have in and by Christ.‘In whom also ye are circumcised with the circumcision made without hands, in putting off the body of the sins of the flesh, by the circumcision of Christ’ (Col 2:11)- how simple! How satisfying! ‘Buried with Him in baptism, wherein also ye are risen with Him’ (v12 ) is something additional: it is only wresting the Scriptures to say these two verses mean, ‘Being buried with Him in baptism ye are circumcised.’ No, no; verse 11 declares the Christian circumcision is ‘ made without hands’ and baptism is administered with hands! The circumcision ‘made without hands in putting off the body of the sins of the flesh’ has come in the place of the circumcision made with hands. The circumcision of Christ has come in place of the circumcision of the law. Never once in the New Testament is baptism spoken of as the seal of the New Covenant; rather is the Holy Spirit the seal (Eph 1:13; 4:30 )."
Divine Covenants by A. W. Pink