No there's no danger here...
Are you talking tournament set now? I just completed a base T5 tournament chip. Base T5 mean 5 is the lowest chip. My set has the following:
T5 x 100 chips
T25 x 100 chips
T100 x 80 chips
T500 x 40 chips.
420 chips, enough for a 10 person Freezeout (no rebuy) tournament. You could even get away with trimming off 10 T100s and 10 T500s, but then it gets more awkward to color up.
Starting stacks for 2000 chips are
T5 x 10 = 50
T25 x 10 = 250
T100 x 7 = 700
T500 x 2 = 1000
And if you want rebuys, you will need more chips. 2000 chips more for each rebuy you want. You can use less of the lower chips for rebuys and the player can make change at the table. So T25 x 8, T100 x 8 and T500 x 2 for each rebuy. Or just go with T100 x 5 and T500 x 3 for even less chips.
For a cash set you usually want 100/200/200 where the first 100 is you lowest blind chips then 200 lower workhorse and 200 higher workhorse chips. Example would be if you pay 25c/50c blinds you want 100 25c chips, 200 $1 chips and 200 $5 chips. You will then probably want a few barrels of $20 or $25 chips. A barrel is 20 chips. Without the large chips, the 500 chip set will have enough to put about $1200 in play. One barrel of $25s will give you another $500.
You can use the same formula for a $1/$2 or a $1/$3 game. 100 $1s, 200 $5s and $200 $25s. I would personally prefer more $1s and $5s in this game, but the 500 chips will work and you'll have over $6000 to put in play. Add in one or two barrels of $100 chips to increase the size of the bank.