Combining separated SHPB test device of ϕ50 mm with ZDKT-type 1 transient magnetic resonance test system, long drop bar of 400 mm was used to impact coal specimens at four different speeds: 1.275, 3.287, 6.251, and 7.404 m/s. The change in waveform, the dynamic mechanical properties, and the generated effect of transient field during the coal deformation and fracture under the loads were discussed and analyzed. While magnetic signals during the coal fracture firstly needed EEMD, decomposition then had a FFT with Data Demon. The main results of the experiment are the following: the main frequency of magnetic signals was between 220 and 450 kHz and the instantaneous frequency during the damage of coal would have the instantaneous jump.