Well - if you have "nada" through the coils - then they're dead. BUT - is your DVM a multi-range or an auto-range? The secondary resistance of the coils should be thousands/tens of thousands of ohms - so if you are on the wrong scale, it will just shown on open circuit. Also - just to be sure - for example - are you connecting the test leads to wire 1 and wire 4 - measuring through the coil (i.e., these are not, for example, wire 1 to ground tests).
As far as the points - take off the right cover on the engine. When the points are open, should measure 12 V (to ground) at the connected wire/post. When closed, the voltage should be zero (to ground).
Don't leave the key on and the kill switch on for too long - it may burn up the points.