well for starters the chips you have, at the values you stated, add up to $242.50. This is less than the $350 you need for 7 players at $50 each.
I would suggest getting rid of .50 chip and make them as follows:
white .10
red .25
blue $1
green $5
The greens can be traded in later if someone loses a bit. And you want them all to be in fron tof you anyway, so doesn't matter too much, right?
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