Reeding or milling is a technique wherein a number of narrow ridges called "reeds" are carved or milled into a surface with a Castaing machine. The Free Dictionary: "Reeding" Dictionary.com: "Reeding"
One reason for having reeded edges was to prevent counterfeiting. Some gold and silver coins were reeded to discourage clipping, i.e. scraping off the precious metals from the edge of the coin, to maintain its stated value in precious metal. This practice was made more difficult through the implementation of reeding by Isaac Newton in 1698, during his time as warden of the Royal Mint.
Another benefit of certain coins having reeded edges is that it helps the visually impaired identify different coin denominations by sense of touch alone.
This dual purpose of reeding is sometimes made explicit on the milled edges of coins themselves. For example, many issuances of the British pound coin have historically had their edges inscribed with the Latin phrase 'decus et tutamen', an adaption from Vergilius' Aeneid meaning 'an ornament and a safeguard'.
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