The present invention relates to security, or decorative elements, comprising a transparent, or translucent substrate, which may contain indicia or other visible features in or on its surface, and on at least part of the substrate surface, a first layer, comprising transition metal particles having an average diameter of from 5 nm to 500 nm and a binder, on at least part of the first layer a second layer, comprising an organic material and having a refractive index of from 1.2 to 2.3 and having a thickness of from 20 to 1000 nm, wherein the transition metal is silver, copper, gold and palladium, wherein the weight ratio of transition metal particles to binder in the first layer is in the range from 20:1 to 1:2 in case the binder is a polymeric binder, or wherein the weight ratio of transition metal particles to binder in the first layer is in the range from 5:1 to 1:15 in case the binder is an UV curable binder. The security or decorative element show a certain color in transmission and a different color in reflection and a color flop on the coating side. The color in reflection and the color flop of the security or decorative elements are controlled by adjusting the refractive index and thickness of the second layer.