Since it's been sitting outside, I'd clean the points for sure, maybe just change them. And put in a new spark plug. Autolite 216 is good. New condensor too and make sure it has a good ground contact. After that and it won't spark, test the coil with a VOM. Hey Rolland, what's the Ohm specs again? Probably in the Tech section somewhere.
Is the engine turning over at all? Don't forget to change the engine oil too. Check the grounds if the S/G isn't turning very fast.
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