Looks like a well-circulated quarter with environmental damage--perhaps spent a little time in a fountain or pond at one point, or at the bottom of a moist cupholder. Perhaps even exposed briefly to flood waters, where one side was more exposed than the other.
The missing edge reeding is due to excessive wear which could have been a slot machine coin at one time, the color and the grainy texture as it's mentioned is most likely due to have been a metal detector coin and had been buried in ground for quite sometimes.
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