You have a "12-Volt" coil, right? Even with that, you should be using a resistor to keep it cool and comfortable! With 12-Volts jumpered direct to the terminal at the top of the coil, the voltage there is gonna read 12-Volts, no matter what! It is the OTHER end of the coil primary, the "infamous" spring thingy that will alternate between grounded and battery voltage, as the points open and close. The "spring thingy" needs to make good contact with the special brass screw beneath it. From there to the breaker points is a flat copper strip that often cracks and breaks. Have you checked that? You need continuity from the coiled spring all the way to the moveable breaker point arm, though the points themselves (when closed), to the breaker plate, and to the distributor housing. On the other hand, you may have a SHORT somwhere in the breaker plate area that will have the same effect as points that never open, or a shorted condensor. Make sure the snap ring that holds the breaker plate is not touching insulated parts! OR... you may simply have points with a film on them that prevents good contact.
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