At this point you have the distributor cap, plug wires, rotor, and ingnition coil removed from the distributor. The pick up coil is located inside the distributor housing.
Using an ohm meter, measure the resistance between the pick up coil terminals. On 1992 model they are identified as NE+ and NE-. The resistance should be between 370-530 ohms.
If your reading is outside this range the distributor will need to be replaced. ($140.00 - $160.00 as of 12-01-2013)
$100 if you look hard, or have a friend in the parts business. Less at auto salvage yards. Perform the same test before buying the used distributor, and get a 30 day warranty. Reputable salvage yards offer this.
Source: Haynes Repair Manual 1987-1994.
Hope this helps now, or in the future. I spent a good portion of my Thanksgiving Weekend on my Tercel's ignition problem. That's Exactly how I wanted to spend my Holiday :~O
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