Development systems and methods for developing using magnetic toner are disclosed. The present invention further discloses developers used in development systems as well as the toner used in developer for magnetic ink character recognition printing. With respect to the development system, a development system is disclosed which includes a supply of dry developer mixture which contains magnetic toner particles and hard magnetic carrier particles. The development system further includes a non-magnetic, cylindrical shell for transporting the developer between the supply and the development zone, wherein the shell can be rotatable or stationary. A rotating magnetic core of a pre-selected magnetic field strength and means for rotating at least the magnetic core to provide for the transport of the toner particles from the shell to an electrostatic image also provided as part of the development system. A method for developing electrostatic image with magnetic toner is further disclosed, for example, involving the above-described development system. Magnetic toner particles having a low magnetic loading such as on the order of 28% by weight or less, based on the weight of the toner are further described wherein these magnetic toners can include a spacing agent on the surface of the magnetic toner particles. A developer is further disclosed which contains the magnetic toner particles of the present invention with hard magnetic carrier particles. Other developer compositions are also described.