I scan and posts notes to my site regularly- but I am only about half way into my collection which is constantly GROWING and I am a procrastinator too.

Here’s the INFO You asked for……..

The 461 Series US Military Payment Coupon was used from September 1946 until October 1947.

Your note is a SCWPM Catalogue number M-7

10 Dollars "Military Script"
No Date Shown on the Note (1946). Blue underprint. Back: Seal of the United States at lower center.

The reference Book Values are
Fine: $25.00
Extra Fine: $75.00
Uncirculated: $300.00

I have found that these prices are ‘conservative’; on the larger denomination the demand is greater since there are fewer of them are in the market. The reason being it was much easier (financially) to hold on to a coupon worth less than $1 than it was a coupon worth $10. Most of the larger denominations were used and not held- Remember this was 1946 and $10 was worth a LOT more then.

Judging from your scan I would grade your note very close to Extra Fine- (Remember I am only looking at a scan and not the actual note), in the scan it is clearly above FINE. (In My Opinion)

United States of America
Military Payment Coupon / Script
Issued: September, 1946 Withdrawn: October, 1947
Areas Issued: Austria, Belgium, England, France, Germany,
Greece, Hungary, Iceland, Italy, Japan, Korea, Morocco,
Philippines, Ryukyus, Scotland, Trieste, Yugoslavia

Military Payment Certificates (MPC) evolved from Allied Military Currency as a response to the large amounts of US Dollars circulated by American servicemen in post-World War II Europe. The local citizens might not trust local currencies as the future of their governments was unclear.
To reduce profiteering from currency arbitrage, the US military devised the MPC program. MPCs were paper money denominated in amounts of 5 cents, 10 cents, 25 cents, 50 cents, 1 dollar, 5 dollars, 10 dollars, and starting in 1968 20 dollars. MPCs were fully convertible to US dollars upon leaving a designated MPC zone and convertible to local currencies when going on leave (but not vice-versa), and were illegal for unauthorized personnel to possess, thus, in theory, eliminating US dollars from local economies.

After the Vietnam War MPC was never again issued (there had been 6 series used during Viet Nam), and the concept lay dormant until the late '90s when it was replaced by a “Stored Value Card” system, presently used by U.S. armed forces in Iraq.

The Philippines Note is an Emergency Issue note much like the German Notegeld- it was issued because of the short supply of currency.

Your note is a SCWPM ‘Special’ Catalogue number M-672
The book value for your note is minimal (50¢ ~ $1 range)

There were a lot of those notes printed and were never highly valued, the graffiti (signature) on the back hurts the little value it has. But, it beats not having one at all- I have many notes that are of poor value because they ‘do’ fill a hole in my collection.

Sorry for the bad news on the value of that note (but I think you probably hit the jackpot on the $10 US MPC) .