[wijwij]

I agree that tourneys that start with just green, black, and purple are the way to go. Then you could use the red $5 chip as a rebuy chip in your cash game.

Personally, I'd not use a .05 label at all. Make your pink (or yellow) chip a nondenominational (ND) chip.

Then you could use it as .05 for .05/.10 blinds or use it as .10 for .10/.20 or .10/.25 cash game blinds.

The other advantage is you could use it at the high end of your tournament if you wanted.

Cash game: ND as .10, .25 (white), 1.00 (blue), 5.00 (red)

.10/.25 game: $20 = 10 ND, 20 white, 9 blue, 1 red = 40 chips each
.25/.50 game: $20 = 20 white, 15 blue = 35 chips each

Rebuys use just reds.

Tourney: T25 (green), T100 (black), T500 (purple), ND as T1000 or T2500

T1500 = 12g + 12k
T2000 = 12g + 12k + 1p
T2500 = 16g + 16k + 1p

Rebuys use just purples.