Significant examples:
PCGS AU-50 (illustrated above).  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc. "The George Mouhtouris Collection", October 1-2, 2001, Lot 44, illustrated, where it was described as follows: "1786 Vermont Copper. Baby head, Clipped planchet. PCGS graded AU-50. This is the finest graded (by far) according to PCGS, which reports only 3 coins seen. This one alone as AU-50, and 2 others graded between VG and VF. A rare and highly desirable example which boasts a good strike, and a large planchet clip at the top of the obverse missing the top of Liberty's head. On the reverse, there is some red patina on the left side, but otherwise the surfaces are quite nice. This is the Ryder/Richardson plate coin for the variety, and certainly high in the condition census, if not simply the finest known of this famous and sought-after variety."

Recent appearances:
"Fine" (illustrated below).  Ex - Early American History Auctions, Inc.'s Mail Bid Sale, April 21, 2001, Lot 1078, where it was described as follows: "1786 VT Copper, "Baby Head," Ryder 9, Fine.  For a "Baby Head" Vermont, this is actually a rather nice piece. Despite some roughness on the face, the planchet is much nicer than usual (the fact that it is complete is of some significance). All legends are legible, if not completely clear and crisp. The date is full and completely on the planchet. Even some of the central details are visible. All in all, a nice coin for the variety collector."

Sources and/or recommended reading:
"Copper Coins of Vermont" by Tony Carlotto

"The Colonial Coins of Vermont" by Hillyer Ryder

"Vermont Copper Coinage" by Kenneth Bressett (Chapter 11 in "Studies on Money in Early America" by Eric P. Newman and Richard C. Doty)

"Walter Breen's Complete Encyclopedia Of U.S. And Colonial Coins" by Walter Breen

The PCGS Population Report, October 2002" by The Professional Coin Grading Service