In this article, an RC oscillator is used as a baud rate generator. If you can calibrate the frequency of such a circuit sufficiently accurately (within a few percent) using a frequency meter, it will work very well. However, it may well drift a bit after some time, and then…. Consequently, here we present a small crystal-controlled oscillator. If you start with a crystal frequency of 2.45765 MHz and divide it by multiples of 2, you can very nicely obtain the well-known baud rates of 9600, 4800, 2400, 600, 300, 150 and 75. If you look closely at this series, you will see that 1200 baud is missing, since divider in the 4060 has no Q10 output!
http://www.extremecircuits.net/2010/07/baud-rate-generator.html