Trim all visible fat from the beef and place in freezer for an hour or two to partially freeze.
While the meat is in the freezer, combine the pickling salt, Prague Powder #1, coriander, onion powder, garlic powder, liquid smoke, black pepper, sugar, and cold water in a medium size bowl or ziplock bag. Mix well.
Remove the meat from the freezer and slice 1/4" strips with the grain. Or skip the freezing phase and use a Jerky Slicer for evenly sliced strips.
Tenderize the beef strips with a tenderizing mallet to prevent the jerky from being too tough.
Add sliced beef to the mixture and marinate for 6-24 hours in the refrigerator.
After the meat has finished marinating, remove from refrigerator and pat dry with paper towels.