You should have around 12 volts on the small + and - wires into and out of the coil. The big wire out the top will only have voltage for an instant when the points open and close, you don't want to be touching it then because that's the ignition spark - probably 20,000 volts.
If you're not getting a spark, replace the points and condensor. Make sure you set the point gap correctly. Or replace them with electronic ignition for about $100 from one of the advertisers on this site.
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Today's Featured Article - Pitfalls of Tractor Engine Rebuilds - by Chris Pratt. The first pop after you have put the machine together with your own hands is exciting and pleasing. The whole experience can be marred if one moves too fast and makes too many assumptions that they can just use "as is" some parts they should be closely scrutinizing and possibly attended to. In such cases, rework makes what could have been a fun project turn into an irritant or even a nightmare. Minor Irritants To give you an example of an minor but irritating proble
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