A value document authentication system comprising a value document substrate having a luminescent compound disposed on or in at least a portion of the value document substrate, wherein the luminescent compound (i) comprises a host lattice having at least one metallic ion with magnetic properties and is doped with at least one rare earth ion capable of emitting infrared radiation with at least one distinct infrared wavelength when excited with an exciting light source having sufficient energy to excite emission from the luminescent compound and (ii) has a pre-determined ratio of metallic ions to rare earth ions such that the ratio corresponds to a parameter of a pre-selected decision criteria, both of which properties are measured at the same location on the value document and used to authenticate the value document.