It's not the voltage but the power you need be concerned about. Power is voltage times current.
The stock coils are 5 ohm coils. If the points are closed with the ignition on, ohms law (E = I x R, R = E/I, I = E/R) states that 2.4 amps will be drawn through points and coil primary. The power dissipated, assuming 12 v application, is 28.8 watts. The coil will survive this application for a very long time in any environment you can survive in.
When running, the points are closed for 95 degrees of the 360 degrees crankshaft rotation, or a duty cycle of 26.3 percent. So, the stock coil averages 7.6 watts consummed during run conditions.
Key points are how you trigger the coils or whether you use the coils to store the spark energy or use them simply as step up pulse transformers. Capacitive Discharge Ignition systems (CDI) apply 200-300 or even 400 volts on the primary, using the coil as a step up pulse transformer. However, the time this voltage is placed on the coil is very small, (measured in microseconds) way smaller than the points closure duration. And, the duty cycle or actual time the voltage is applied will equate to even less power consumed than a points system because the coils don't need time to store the energy, but merely convert the applied voltage pulse.
Another way to look at it, is how fast can you remove heat from the coil, and what it's heat transfer characteristics are. If you bump that power dissipation from 28.9 watts to 43.2 (18V applied with stock points closed), can you remove enough heat from the outside of the coil to keep the inner temperature below the point where the internal insulation melts? Anyone know what a stock coil's thermal transfer characteristics are? Also, what are we to assume an ambient temperature environment is for the coil placement? And, can we assume an airflow around the coil to help dissipate the heat?
If you don't know these design parameters, they can be empirically determined with a few destructive tests. Then you can proclaim the same phrase that character in the "The Mask" uses.... "Smokin"!
Cheers,