I agree with the other fine gents. The points must be switching more current then they are designed for (around 4 amps is a typical maximum current)
ORRRRRRRRRRRRRRR
The condensor is bad even though its "new"
Id stick an ohm meter on the low ohms Rx1 scale on the coils LV primary between its little + and - terminals and it should measure around 3 to 4 ohms. If so the coil is NOT the problem. HOWEVER if it reads like 1.5 to 2 or a bit over ITS A 6 VOLT COIL AND NEEDS AN EXTERNAL SERIES VOLTAGE DROPPING (12 to 6) BALLAST RESISTOR otherwise it overheats and the points burn up quickly.
1) Check coils LV primary resistance to insure its a 12 volt coil, if not replace it
2) If the coil passes TRY A NEW CONDENSOR
Of course the condensor needs wired to the points terminal and well grounded
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