diff --git a/src/subtype.c b/src/subtype.c
index e4584fb6d0130..ef76c70a8f773 100644
--- a/src/subtype.c
+++ b/src/subtype.c
@@ -1355,7 +1355,7 @@ static jl_value_t *set_var_to_const(jl_varbinding_t *bb, jl_value_t *v JL_MAYBE_
         bb->lb = bb->ub = v;
     }
     else if (jl_is_long(v) && jl_is_long(bb->lb)) {
-        if (jl_unbox_long(v) + offset != jl_unbox_long(bb->lb))
+        if (jl_unbox_long(v) != jl_unbox_long(bb->lb))
             return jl_bottom_type;
     }
     else if (!jl_egal(v, bb->lb)) {
diff --git a/test/subtype.jl b/test/subtype.jl
index 943e8c48d4898..913d9458695be 100644
--- a/test/subtype.jl
+++ b/test/subtype.jl
@@ -1343,3 +1343,17 @@ struct A28256{names, T<:NamedTuple{names, <:Tuple}}
     x::T
 end
 @test A28256{(:a,), NamedTuple{(:a,),Tuple{Int}}}((a=1,)) isa A28256
+
+# issue #29468
+@testintersect(Tuple{Vararg{Val{N}, N}} where N,
+               Tuple{Val{2}, Vararg{Val{2}}},
+               Tuple{Val{2}, Val{2}})
+@testintersect(Tuple{Vararg{Val{N}, N}} where N,
+               Tuple{Val{3}, Vararg{Val{3}}},
+               Tuple{Val{3}, Val{3}, Val{3}})
+@testintersect(Tuple{Vararg{Val{N}, N}} where N,
+               Tuple{Val{1}, Vararg{Val{2}}},
+               Tuple{Val{1}})
+@testintersect(Tuple{Vararg{Val{N}, N}} where N,
+               Tuple{Val{2}, Vararg{Val{3}}},
+               Union{})