Test string:
$s = "convert this: ";
$s .= "–, —, †, ‡, •, ≤, ≥, μ, ₪, ©, ® y ™, ⅓, ⅔, ⅛, ⅜, ⅝, ⅞, ™, Ω, ℮, ∑, ⌂, ♀, ♂ ";
$s .= "but, not convert ordinary characters to entities";
Well htmlentities doesn't work correctly. Fortunately someone has posted code on the php website that seems to do the translation of multibyte characters properly
I did work on decoding ascii into html coded text (&#xxxx). https://github.com/hellonearthis/ascii2web
asssuming your input string is UTF-8, this should encode most everything into numeric entities.