The invention relates to a security sheet or document having enhanced watermark(s). In one exemplary embodiment, the inventive security sheet or document is a single-ply paper that is made up of a paper layer including one or more watermarks, and a micro-optic security device (e.g., a patch or thread) that at least partially covers an upper or face portion of the watermark(s). The overlying patch or thread increases the durability of the watermark(s), thereby allowing for the watermark(s) as well as reduced fiber density areas therein to be made larger, and for the reduced fiber density areas to be made thinner. In a preferred embodiment, the micro-optic security device projects synthetic image(s) that coordinate or link in with the watermark design(s). In a more preferred embodiment, the micro-optic security device offers a machine detectable/readable feature in the form of enhanced IR-brightness, especially when measured in transmission.