Convert Video to Black and White

[SeverianRandom]

I've recently considered watching some videos in Black and White to create a sense of age for older video footage, especially those that are depicted before modern recording equipment.
I know VLC can play videos in black and white using Video Effects > Colour Extraction > FFFFFF
But, whilst this will play on a PC in this way, I'd like to be able to save a file and retain the colour extraction so this can be a separate file to the original.

Is there anyway that VLC will save the output in black and white? I've tried Convert - but it doesn't keep the Colour Extraction.

Any help or idea is greatly appreciated!

[Lotesdelere]

When you convert the video you need to add the filters you want to use in the conversion chain that are located in the menu Tools -> Preferences -> Show settings = All -> Video -> Filters

Don't forget to disable it when conversion is successfully done