The documentation you mentioned specifies what happens: “[…] throw an exception when its minimum or maximum value is exceeded”
Regarding the error message you can find out using a simple Google search: https://www.google.com/search?q=t-sql+error+messages+sequence The fourth link is https://www.sqlshack.com/sequence-objects-in-sql-server/ and there you can find a screenshot of the error, which has the number 11728.
Of course, it would be easier to try it yourself, using one of the methods already specified in the comments.