It has a faulty ignition circuit between the ignition switch and the coil. There is a resistor in the circuit. (It is probably a resistor wire) that operates when the key is in the on or run position. This resistor could be a discrete object like on mid 60s Chevys. The starter solenoid has two small wires attached one causes the starter to spin, the other (probably labeled I) goes to the coil and attaches where the wire from the Ignition switch also attaches if it is the resistor wire type, or to the coil side of the ballast resistor if it is a discrete resistor. The wire from the Solenoid lets full battery voltage get to the coil when cranking (thus it starts) and stops providing volts when the cranking stops. (thus it dies because the resistor is "open" Bad. Jim
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