I bought this beauty a month ago. The owner was a young kid who said it quit running. He couldn't get it started so he sold it cheap.
I'm no mechanic but It didn't appear to be getting any spark. So, I went ahead and replaced the coil, points, condenser, plug, etc. I turned the key and it fired up instantly! It actually startled me

The engine runs great, no smoke, no weird noises, etc. Shifts good....but has no brakes. That will need some work.
When I pulled the plug wire off the coil, water came out. The coil is shot. It was a good day!!!!!