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The invention concerns a printed valuable document with at least one authentication feature in the form of a luminescent substance based on a host lattice doped with at least one rare earth metal. The host lattice largely absorbs in the entire visible region of the spectrum, is excitable in large parts of the visible region of the spectrum and at least partially transparent in at least the wavelength range between 0.8 mum and 1.1 mum. In addition, the host lattice contains chromium as an absorptive substance in such a concentration that amplification of the emission by the luminescent substance takes place. The rare earth metal emits in the wavelength region between 0.8 mum and 1.1 mum.