This work presents a novel anticounterfeiting strategy based on a material changing its emission color in response to a change in the excitation sources—where a single ultraviolet (UV) or near‐infrared (NIR) light source are employed or simultaneously using two excitation sources (xenon lamp and NIR laser). Following this approach, various combinations of lanthanide (Ln3+)‐doped LiLuF4/LiYF4 core/shell nanoparticles are prepared, providing a promising route to design flexible nanomaterials, as well as already a small library of luminescent materials, which change color when varying the excitation source (UV, NIR or both UV and NIR). Aside from excitation source‐dependent color change, these materials additionally show excitation‐source power‐dependent color change. This work exploits the possibility of developing a new class of multimode anticounterfeit nanomaterials, with excellent performance, which would be almost impossible to mimic or replicate, providing a very high level of security.