If you are dead set on this '54 I wouldn't offer more than $1500.00. It's going to need a full frame off restoration.....$30,000 plus. if not, I'd walk away from it and look for one in better shape.

"Pay attention to the details! It ALWAYS pays off."

1949 Chevrolet 3100 Series 1/2 ton Pickup
1964 Chevrolet C10 (Ol' Yella) (SOLD)
1958 Chevrolet Biscayne 2 door (SOLD)
1970 VW Beetle