Here is how I used my Milanos to build cash and tournament sets:
Tournament
25 green
100 black
500 purple
1,000 yellow
5,000 pink
25,000 salmon (relabel)
Cash
$.25 dark blue (relabel)
$1 white
$5 red
$20 light blue (relabel)
$100 light grey (relabel)
$1,000 brown (relabel)
Used all 12 colors.