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The Collaborative International Dictionary of English v.0.48:

Reeding \Reed"ing\ (r[=e]d"[i^]ng), n. [From 4th Reed.] 1. (Arch.) A small convex molding; a reed (see Illust. (i) of Molding); one of several set close together to decorate a surface; also, decoration by means of reedings; -- the reverse of fluting. [1913 Webster] Note: Several reedings are often placed together, parallel to each other, either projecting from, or inserted into, the adjoining surface. The decoration so produced is then called, in general, reeding. [1913 Webster] 2. The nurling on the edge of a coin; -- commonly called milling. [1913 Webster]