A discriminating apparatus is provided with an alternating
voltage applying means for applying an alternating
voltage to specified electrodes, a light detecting device (51) for detecting a light from a light collecting spot P of a
bank note M being transported in an environment of an alternating-current
electromagnetic field, an optically splitting means for splitting the light detected by the light detecting means into a light from a fluorescent ink and an other light, an alternating
voltage control means for controlling driving of the alternating voltage applying means, and a genuineness discriminating means for discriminating the genuineness of the
bank note M based on an output value of the light detecting device (51), wherein the alternating
voltage control means drives the alternating voltage applying means only when the light detecting means is discriminated to be detecting the light from the fluorescent ink based on a result of optical splitting by the optical splitting means. Accordingly, deterioration of a certified paper can be effectively suppressed in a composite discrimination
system of making a genuineness discrimination by detecting a light reflected by the certified paper and a light emitted therefrom.