A printed image erasing system in an embodiment is configured to erase image information obtained by printing both characteristic identification information and document information or only the document information with an erasable color material on a printing medium, comprising: a printer unit configured to print the image information on the printing medium; an erasing unit configured to erase an image printed on the printing medium with the erasable color material; a reading unit configured to read the characteristic identification information on the printing medium to be erased by the erasing unit; and a document management unit configured to manage an erasability condition of the document information on the basis of the characteristic identification information and instruct the printer unit to output new document information according to the erasability condition of the document information that is contained in the characteristic identification information read by the reading unit.