<VV> Electrical problem... maybe, probably.

[Cash Case]

Hey guys, I'm fairly certain that I messed up.
We are doing a heart transplant on a '65 110 in a 500 coupe.  A reground crank and camshaft in a block I had on an engine stand in storage.  We transplanted everything from the old engine to the new block.

We managed to get everything is back together but we can't get a spark from the coil.  
That's just the symptoms.  Three of us have been working to get this car running.  One of us, and all three of us claim to possibly be the one who did it, wired the coil up backwards.  I called one of our Corvair smart guys in our club.  Many thanks to Bill Wells. He helped me see what I had done wrong.  I felt like an idiot when I looked at it in the sun light today.  

The symptoms of wiring the coil back wards was smoke coming from the wire that connects to the back of the points in the distributor and the coil.  It's suppose to be hooked to the negative side. It was hooked to the positive side. Bill suggested that I look to see if the points were not opening. I pulled the points and checked them. They seem fine.  I fixed the smoking wire and it's connections.  

So at this point, we have electricity going to the coil when the key is in the start position and the starter is engaged, but no apparent spark from the top of the coil.  No electricity is evident when the key is in the on position. I thought that maybe we had toasted the coil so I replaced it with another one I had hidden in my secret stash of old parts.  Unfortunately we have the same symptoms.

Does anybody has any idea what we broke/burned/smoked/ruined?  

-Thanks
-Cash case