Rare Singapore $2 note?

Rare $2 note

IZ Reloaded reported on a supposedly rare Singapore $2 President Portrait Dollar note on Yahoo auctions. It’s rarity comes in the form of the serial number: 656565. While you’re asking yourself whether “lynnkidz” is an enterprising #$*%er, the current bid has gone up to $10 with 8 days still left. This is what the seller lynnkidz mentioned in the auction:

Item Description
Selling a $2.00 President Portrait Dollar note No. 0CG 656565. Isn’t the number nice and rare?
Note is brand new and in excellent condition. No creased line.

Payment
– POSB transfer or cash on meetup at Hougang, AMK, Bishan, YCK, Somerset, Orchard mrt if total purchase above $5.
– $0.50 normal postage and packing! Registered mail will be additional $2.00
– I will not be accountable for loss of goods if not sent out by registered mail.