Looks like a D to me also. All the other numbers have smooth curves, and that letter is very square.
From my late '54 Clipper Deluxe Sedan (Produced in late August '54, has GearStart tranny):
Body Number Number: 5492-9578
Theift Number: <C874I3> (the 5th digit is stamped as an I, not sure if they used that instead of a 1)
Engine Number: M320537
Door Jam Plate Number: Missing
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