If you have a magneto and 12 volts, the 12 volts is only used for cranking the engine. Its not used on the ignition. Mags usually have a switch that grounds out the points when stopping the engine. You need to find that if has a mag to make sure its in the run/start position.
If you have a distributor it will require battery voltage from an ignition switch to your coil and from the coil to the points. With the points open and your ignition switch on you should have battery voltage on both small terminals on the coil. Use a volt meter or test lite set on DC volts. As Old suggested pull off a plug wire and have someone make an attempt to start the engine. You may want to use insulated pliers so you don't get bitten. Rub the points with some 320 wet or dry. If you have good hot spark during cranking you have a fuel problem. Have someone to try and start the engine while you spray a small amount of carburetor cleaner into the throat of the carburetor. Don't get too wild with the carb cleaner. If it fires you're not getting fuel into the engine. Hal
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