1954 is Harley s  50th anniversary. Even though are no model changes there were some interesting engine changes and new options available for 1954. A tapered pinion shaft and gear, and oil pump worm gear.
Three frames were available in 1954. A wishbone with no horn mount. A wishbone with flattened down tubes and no horn mount and
Straight leg with “T” mounting bracket.
Jubilee trumpet horn is introduced. a faster acting throttle, new foot shifter w/optional heel lever.
first optional dual exhaust and Black hard plastic saddlebags are available.

54 enthusiast
54 enthusiast
1954 anniverary emblem
1954 speedometer

 

Here are some great sources for detailed information about Harley Davidson’s 1954 Panhead

How to restore your Harley-Davidson by Bruce Palmer 111

Riding vintage website

the Jocky Journal web forum

hydra-glide.com The panhead and flathead site

The Harley Davidson Panhead service manual 48-57 rigid

1954 models

modelengine typeactual displacementcompressionoptions
FL sport solo74 c.i.high compression73.66 c.i.7.0:1
FLF sport solo footshift74 c.i.high compression73.66 c.i.7.0:1F=foot shift
FLE sport solo traffic combination74 c.i.high compression73.66 c.i.7.0:1E=traffic comb.
FLEF sport solo traffic combination foot shift74 c.i.high compression73.66 c.i.7.0:1F=footshift
E=traffic comb.

NOTE: the ”  denoting foot shift will not be stamped in serial number.

1954 models available colors

paintstripesspeedometer
blackblack outside white numbers grey center red indicator
pepper red
glacier blue
forrest green
daytona ivory
silver
anniversary yellow
white

black

1948 panhead black paint color

pepper red

glacier blue

forrest green

daytona ivory

silver

1948 panhead police silver paint color

anniversary yellow

white

1948 panhead police white paint color