diff --git a/core/src/main/java/org/bitcoinj/store/WalletProtobufSerializer.java b/core/src/main/java/org/bitcoinj/store/WalletProtobufSerializer.java
index aa2b6ef27d2..75d27440d69 100644
--- a/core/src/main/java/org/bitcoinj/store/WalletProtobufSerializer.java
+++ b/core/src/main/java/org/bitcoinj/store/WalletProtobufSerializer.java
@@ -572,9 +572,8 @@ private void readTransaction(Protos.Transaction txProto, NetworkParameters param
             );
             Coin value = inputProto.hasValue() ? Coin.valueOf(inputProto.getValue()) : null;
             TransactionInput input = new TransactionInput(params, tx, scriptBytes, outpoint, value);
-            if (inputProto.hasSequence()) {
-                input.setSequenceNumber(inputProto.getSequence());
-            }
+            if (inputProto.hasSequence())
+                input.setSequenceNumber(0xffffffffL & inputProto.getSequence());
             tx.addInput(input);
         }
 
diff --git a/core/src/test/java/org/bitcoinj/store/WalletProtobufSerializerTest.java b/core/src/test/java/org/bitcoinj/store/WalletProtobufSerializerTest.java
index 68f317fc136..418dd037a4d 100644
--- a/core/src/test/java/org/bitcoinj/store/WalletProtobufSerializerTest.java
+++ b/core/src/test/java/org/bitcoinj/store/WalletProtobufSerializerTest.java
@@ -51,6 +51,7 @@
 import static org.bitcoinj.core.Coin.*;
 import static org.bitcoinj.testing.FakeTxBuilder.createFakeTx;
 import static org.junit.Assert.*;
+import static com.google.common.base.Preconditions.checkNotNull;
 
 public class WalletProtobufSerializerTest {
     static final NetworkParameters params = UnitTestParams.get();
@@ -205,6 +206,22 @@ public void testLastBlockSeenHash() throws Exception {
         assertEquals(genesisBlock.getHash(), wallet2.getLastBlockSeenHash());
     }
 
+    @Test
+    public void testSequenceNumber() throws Exception {
+        Wallet wallet = new Wallet(params);
+        Transaction tx1 = createFakeTx(params, Coin.COIN, wallet.currentReceiveAddress());
+        tx1.getInput(0).setSequenceNumber(TransactionInput.NO_SEQUENCE);
+        wallet.receivePending(tx1, null);
+        Transaction tx2 = createFakeTx(params, Coin.COIN, wallet.currentReceiveAddress());
+        tx2.getInput(0).setSequenceNumber(TransactionInput.NO_SEQUENCE - 1);
+        wallet.receivePending(tx2, null);
+        Wallet walletCopy = roundTrip(wallet);
+        Transaction tx1copy = checkNotNull(walletCopy.getTransaction(tx1.getHash()));
+        assertEquals(TransactionInput.NO_SEQUENCE, tx1copy.getInput(0).getSequenceNumber());
+        Transaction tx2copy = checkNotNull(walletCopy.getTransaction(tx2.getHash()));
+        assertEquals(TransactionInput.NO_SEQUENCE - 1, tx2copy.getInput(0).getSequenceNumber());
+    }
+
     @Test
     public void testAppearedAtChainHeightDepthAndWorkDone() throws Exception {
         // Test the TransactionConfidence appearedAtChainHeight, depth and workDone field are stored.