Looks like an oxide coating that has been rubbed off of the high points. If a Cu-Ni quarter is heated to red hot in a propane flame, it will turn dull-black on both sides when removed. The edge will retain the copper color for the most part. Heating a pure nickel coin this way leaves a loose, uneven black coating. Heating a pure copper coin this way also results in a black coating, but it flakes off easily. My theory is that the surface of the Cu-Ni quarter is being oxidized into a copper-nickel oxide of some sort. Such oxides are used for porous electrodes in super capacitors. It might just be a single metal oxide that adheres well to Cu-Ni.
This pic is of a 2000 quarter, a 1959 penny, and a
Buffalo nickel; all heated in the way described above.
