The 1954P is tough, I've been looking for an upgrade for 20 years. The one @BlackberryPie posted above is exactly what I've been seeking - he got a lucky find there! Since you mentioned the 54S, I'll tease you with my toned RPM.
This is my only 54P with toning - sadly hurt by some poor Philly minting. I mainly kept this coin for the unreal amount of die polish lines. Philly was horrible in 1954! @BlackberryPie your coin WINS! GREAT FIND!
Surfaces are pretty good, with a number of contact marks on the reverse. Starting to tone a little on the obverse.
Can you tell what's causing the die damage that the mint tried to polish out? It doesn't look anything like a regular clash!!! Some parts didn't even get removed on the obv. or rev. (Badthads full obv & rev images) Obv- the slightly angled straight lines over the TY and 95 of the date. Rev- Under UNITED to AME (or is this just staining?) Wheat cent Overlay link
Who knows, the Philly mint workers were horrible in 1954. They didn't make too many cents (72 million) compared to the other mints (96/251 million). They really over used their working dies and over all quality dropped off. ...and just some straining on the reverse, philly quality! A friend who gave me this one said it was from an OBW roll. He knows I like the weird coins. LOL
@BadThad I live in Denver. The land of zero varieties, and nearly zero errors. Thats a nice clean looking zinc EF.
Too many, it became a joke in my eyes. Most of them are so minor - for me personally. As I recall only the 002 and 009 were decent so I added those. Having lived through the 2009 mania I was able to collect just about everything worth saving. It was a fun time to be a Lincoln collector!