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Do low serial numbers = more value?

I've got a mid 80s Japanese Fender Jazz Bass specail. It was my first bass and I still play it. The other day someone noticed the serial Number was 0001946. He said it was more valuable with a low serial number. I'm not looking to sell it and I've kept it in great shape but I am curious. Do serial numbers add/take away value?? That's a new one on me. Any info would be helpful. thanks.
 
Yes and no. If the bass is one that would be collectable already, like a vintage USA Fender, then for some buyers a low serial number would be worth a little bit more. For a non-collectable bass, the serial # generally means jack squat.

A mid-80s MIJ Fender J Special is right on the cusp between collectable and not so much. My personal opinion is that the low serial # on it is "noteworthy" and "cool", but probably not worth any extra money on resale.
 
To a collector, it would make their day to have the first ever made or something. But to anyone else, it's just a bass and that is good enough. I personally couldn't care about a number. It would still sound as good.