When a reed switch fails, does it usually go into an "open" condition
at time of failure, or does most often show a "closed" condition at
time of failure, and there-after?
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Since the attraction between the contacts in a normally open
non-biased reed switch is magnetic and they want to close the gap
between them when in the presence of a magnetic field, it's unlikely
that they'll fail open because the only thing that's keeping them
apart is the springiness of the moving contact. OTOH, If the contacts
weld because they're improperly hot-switched, then when the magnetic
field is removed the springiness of the moving contact won't be great
enough to break the weld and the contacts will stay made.
However, if it's a reed _relay_, the coil could burn open, in which
case the failure would be and open, unmakeable relay.
So, as usual, it depends...