Have you tried taking the floppy apart and cleaning it? I had two seemingly dead drives: one in an SE and the other in an external 800k floppy drive. All that was required was to follow an online guide on how to take the drive partially apart, clean carefully with a cotton bud soaked in isopropanol, clear the dust bunnies with some canned air and finally regrease the moving parts with lithium grease very lightly. Both work as good as new now. Dirt and lint ingress can cause the moving parts to seize up over time and give the appearance of a totally dead drive.