better latter than never, that's how to do this with a single floppy drive:
1) copy your data to the floppy
cd /your_data_directory
mount -t ext2 /dev/fd0 /mnt/floppy (adapt /dev/fd0 to where your floppy is located on /dev)
cp -R * /mnt/floppy
I check the data went well on to hte floppy, then
2) Make an image of the floppy :
umount /mnt/floppy
cat /dev/fd0 > /where_you_wanna_put/floppy.img
or
dd if=/dev/fd0 of=/where_you_wanna_put/floppy.img
As dracolich said
3) Copy the floppy image to another floppy :
cat /where_is_your/floppy.img > /dev/fd0
or
dd if=/where_is_your/floppy.img of=/dev/fd0