This will do very little to help collectors. Unlike coins, most collectors don't focus on a denomination (I know some do, but most don't). I have emailed eBay numerous times with examples of more useful categories.

Personally, I think it would be much better to break it up in collecting areas:

Nevada (perhaps with subsets)
Atlantic City
Riverboat
Indian
Illegals
Foreign
etc.

Doesn't this make more sense! If I'm looking for riverboat chips, I would have to look through the $1, then the $5, then the $2.50.

Oh never mind, because like all the other categories sets in the past, everyone will just post their chips to "Other."

Just my two cents worth.