I don't know much about Scripto, but I assume this would have been one of their top end products, and I guess it dates to around the 1970's. The $10.00 price tag would have been a substantial investment back in the day.
Also on Scripto related matters, a pencil-pal sent me the below photos of his recently acquired Scripto.
It is unusual in that it has two erasers, the larger of which is permanently exposed. It has a twist mechanism to propel and retract, and uses a 0.9 mm lead. Any information about model name/number, date of manufacture, etc would be appreciated.
Happy penciling to you all.