That's what I first thought too, but it just had a black waxy paper covering over the wire. But I wouldn't think the Ignition coild would be mounted out of the way and up by the raditor. Old timer that owned the vehicle before my dad ket receipts and note to the repairs h had done and he was taken for a ride by some of the shops from. They did some off things with vacuum wires, replacement fuel pumps and such, so maybe it's something they jerry rigged as a coil, but it sure looks like it has the factory body colored paint on it, although a bit worn. Sure would be nice to find out where the other ends of those wires went to, but I suspect they are longgone.