A D''Arsonval type moving coil meter with linear scale deflection characteristics. The magnetic circuit of the meter is such that the sum total of flux which cuts the coil is the same for any operative position of the coil. Correspondingly, angular deflection of the coil is in direct proportion to the current in the coil. The magnetic circuit includes a magnet having fixed locating surfaces thereon which cooperate with fixed locating surfaces on a yoke. This locating arrangement assures that the sum total of flux which cuts the coil is the same for any operative position of the coil and further assures repeatable accuracy in successively assembled meters. The meter is calibrated by magnetizing the magnet to obtain full scale deflection when rated current is applied to the meter terminals. Where a calibrating resistor is used, the resistor is connected to the meter prior to calibration with the result that accuracy of the meter is assured without the need for using a precision resistor.