Small Engine Troubleshooting Problems? Ask a Mechanic Now.
Do you have the actual engine model number? P216, M43? Is this engine electronic ignition or does it have points?
Is the coil round or a squarish shape? Round coil will have points, square coil is later, electronic engine. Does your engine have an oil pressure switch that would kill the spark if oil was low?
I would think this is a points engine. Located under cover, on top of engine. See link below.
Up top, next to the carburetor.
I see question is still open, did you find the points?
Did you get spark?