The magnifier in question would be 'Plano convex', I guess?? With the flat face on the paper.
What happens when there is a small but finite space underneath? (Say you support it on matchsticks or drinking straws). An easy experiment to try, which would avoid actual contact.
It's a good idea to dip into the Maths for this.
The only formula I know is for a thin bi convex lens. That tells you
m= f/(f-o)
Where m is the angular magnification, o is the object distance and f is the focal length. For o=0, this becomes m=1, which is what you are seeing.
See the Wiki article on lens magnification.