+1. The trick with "nut-type" BB spindles (as opposed to the now-more-common "bolt-type") is to unscrew the handle from the piece that threads into the crankarm completely. Thread the outer piece into the crankarm, then the handle with the attached pin. When it contacts the end of the spindle, start tightening down. It can take a surprising amount of pressure to get the crank to come off.
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Jeff Wills
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