Re: Merc 140 no spark...
Tried that, I did not get a spark from the coil wire, just a big nasty spark from the neg. side of the coil.
Check for spark with an alternate method. Put a piece of carton between the points and a jumper lead on the hot side and ground (so basically short the points). Then turn on power and hold center spark lead to a big bolt on the block (not touch but almost). Remove the jumper lead for a short period and a spark jumped from center lead to the block. That way you can test it without trying to start.
Tried that, I did not get a spark from the coil wire, just a big nasty spark from the neg. side of the coil.