The only time I got stuff with a S/N sticker over the actual S/N was refurbished stuff. So I would say it is refurb, the real S/N is underneath. I have never heard of Fender refurbing stuff, not to say it doesn't happen, but I bet it is refurbbed by somebody who isn't Fender.
Carvin LB76 / Dingwall ABZ ! Support Local !
MarkBass SD 800
Epifani UL2-310 / fEARful 1212/6
! Rocking against all gods !