#2 - but put the nickel label on the blue chip and move the $1 on the white. It's really the only sensible thing to do.
in any
I got my set yesterday and used it in a two table game tonight. I'm most likely going to buy 200 $1 and swap the labels out with the white $500. When you stack the $500 and the $1000 together (we use a 5/6 starting stack) in any kind of less than optimal light it is hard to see the difference sometimes - even dirty stacks are hard to see.
Plus I'm kicking around swapping the $5000 with the $0.25. That brown just doesn't stand out enough for such a large denomination.