It is my opinion that the catalogue is messed up in this area.
I agree, but it is always important to remember that the catalogue
is simply a guide to what you might expect a collector to pay IF that collector really wants that specific note as listed. I would not consider it authoritative, nor would I expect the catalogue to consistently reflect true market value. It is somewhat dated the moment it is printed. That's not to say we should "throw the baby out with the bathwater" as it is a great guide to give us an idea of approximate book value. There are many factors which can come to play when a note is put up for sale including whether it is auctioned, online auctioned, or sold privately (bourse or at a store).
Why do you want to call it a repeater when it appears to be worth more as a radar??
This is like focusing on the "amazing one of a kind" low # $5.00 Devil's face *A/C note. Only 2400 were printed so nearly half (1000 & less) are low numbered. It is much more important that the note is a rare Devil's face replacement which are so hard to come by in that denomination. Serial numbers are important but they're not more important than the condition of the note, nor the scarcity of the said note. Only very rarely do we see a low # Test note reach pretty spectacular sales price (because we know the notes usually are printed in the millions).
IMO: the note in question would easily fetch $120-$150 (attaining BV with a minor premium) because it is a rather common change-over. It is a lovely note though & there should be no problem selling it quickly....
