It appears that your engine has battery-coil ignition. You can easily test this with a 12V test light. Connect the light between ground (engine block or battery "-", and the terminal on the points box. With the points open and the ignition on, the light should be lit. When the engine is rotated so the points are closed, the light should go out. If it does not, the points are not conducting power and need to be cleaned.
Once you establish that the points are conducting power, you can now manually open them with your finger, and you should have a spark at the plug. If not, the problem is somewhere else, as in the coil, wire, or spark plug itself. If you can hear a spark but not see one, the coil could be at fault. Be sure to turn the ignition off when your finished playing, or the coil will overheat.
Once you establish that the points are conducting power, you can now manually open them with your finger, and you should have a spark at the plug. If not, the problem is somewhere else, as in the coil, wire, or spark plug itself. If you can hear a spark but not see one, the coil could be at fault. Be sure to turn the ignition off when your finished playing, or the coil will overheat.