I was looking at my slide rule earlier today, and happened to notice that the dedicated mark for $\pi$ is right around the middle of the scale:
Of course, this is because $\log_{10}\pi \simeq 0.4971498$, which is very close to $1\over2$.
Is there a reason or derivation for this, or is it pure coincidence?

$\pi^2\approx 10$ is not a coincidence. Since $\zeta(2)=\frac{\pi^2}{6}$ we have $$ \pi^2 = 6+\sum_{n\geq 2}\frac{6}{n^2} \leq 6+\sum_{n\geq 2}\frac{6}{n^2-\frac{1}{4}}=10 $$ and the difference between the RHS and the LHS is $$ 10-\pi^2=\sum_{n\geq 2}\frac{6}{n^2(4n^2-1)}\leq \frac{1}{10}+\sum_{n\geq 3}\frac{24}{(4n^2-9)(4n^2-1)}=\frac{29}{210}. $$