The invention discloses anti-counterfeiting magnetic printing ink for a cigarette package bar code. The ink is prepared from the following ingredients in parts by weight: 25-45 parts of phenolic resin, 8-18 parts of silicone oil, 1-4 parts of 1,2-Bis(pentabromophenyl) ethane, 7-9 parts of active magnetic iron powder, 1.2-1.4 parts of tetrahydrofuran, 2-4 parts of tung oil, 1-2 parts of cobalt naphtenate, 2-3 parts of polysiloxane, 13-15 parts of N-methyl-2-pyrrolidone, 1-1.5 parts of melamine cyanurate, 4-6 parts of ninhydrin, 0.5-1 part of temperature-sensing toner, 0.1-0.5 part of nitrocotton, 0.5-1 part of zinc borate, 3-4 parts of glycerinum monomethyl acrylate, 1.6-2.4 parts of propylene glycol 1-monomethyl ether 2-acetate and 1-2 parts of erucyl amide. The ink disclosed by the invention has the advantages of simple preparation process, low production cost, good anti-counterfeiting function, is appropriate for printing various patterns and characters on plastics, paper and cloth,and can be used for simply and quickly identifying true and false products.