This is just a result of oxidation or some other chemical process. It's something you expect once in a while with copper-nickel (see coin page), though it's rather uncommon. Maybe some liquid sat on the surface long enough to produce this colour. Copper-nickel doesn't tarnish easily, but it does happen.
I have seen quite a few buffalo nickels with a dark red discoloration. These coins are made of copper-nickel. In most cases I suspect they spent a few decades in the ground. I have one or two myself in this condition, with light surface corrosion, and they are therefore worth very little.
₱o$₮ag€ $₮am₱$ a₹€ mo₹€ £€₲i₮ima₮€ a$ a ƒo₹m oƒ ¢u₹₹€nc¥ ₮ha₦ ₮h€ €₦₮i₹€ "¢oi₦" ₱₹odu¢₮io₦ oƒ ₦au₹u o₹ ₦iu€. ••• £€$ ₮im฿₹€$-₱o$₮€ $o₦₮ ₱£u$ £é₲i₮im€$ €₦ ₮a₦t qu'o฿j€₮$ mo₦é₮ai₹€$ qu€ £a ₱₹odu¢₮io₦ €₦₮iè₹€ d€ «mo₦₦ai€$» d€ ₦au₹u ou d€ ₦iu€.