In a properly working system, as the points close, they momentarily ground the negative side of the coil and take the voltage to 0. If that is not happening, make sure the points are actually closing, the wire from the -12V side of the coil to the points is not missing, broken or has a bad connection and make sure the engine is grounded to the same ground as the power source. The points only close for a fraction of a second while cranking the engine and your meter may not refresh fast enough to catch the voltage change.
If you want to see if the points are working properly, you can remove the spark plug, disconnect the wire from the -12v post of the coil and put your meter on the lowest ohms scale. Put one meter lead on the wire you just removed and put the other lead on a bare spot on the engine. Slowly rotate the engine ( by hand if possible) until the points close. When the points close, the meter should read approximately 0.