You can use a nasty trick to do the job using hex codes. For example in default UTF-8 ascii you can print ' with \x27 which is the hex code of single quotes.
echo -e "\x27hello\x27" 'hello'
The copyright symbol is not part of default ascii table but belongs on the extended ascii codes. You can also print extended ascii as a combination of hex codes
(as advised by http://www.fileformat.info/info/unicode/char/a9/index.htm)
echo -e '\xc2\xa9' ©
Similarilly , you can use those hex codes in sed
a="hello ©" sed 's/\xc2\xa9/??/' <<<"$a" ##replacing copyright symbol with two questionmarks hello ??
If \xc2\xa9 which stands for copyright symbol are not working, you can try \xe2\x92\xb8 which is the "CIRCLED LATIN CAPITAL LETTER C".
Also try \o251 (use a lowercase letter 'o', not a zero).
encguesscommand if that's available on your system. Or provide an example for download.