Ive done the hammer/punch method, it doesnt work to well. Ive also used the 2 1/8 socket which works fine-but you need a 3/4 to 1/2 adapter.

Autozone I recall sells the 54mm socket, buy it there for like 20 bucks-the socket from sears is 40 dollars!

1996 T100, Mickey Thomson Classics, Bridgestone Dueler AT 265/75/16, custom offroad KC's.