NOt much, you will need far greater quantities to be honest. Araginite sand is made up of crushed corals and shell, this will doa far better job than shells in teh tank.
However, you need lots of different sizes of shells in the tank so that hermit crabs can move to larger homes without attacking each other or snails.
Edit: Sorry, when i meant not much i was thinking of a tank of my size (130 Gallons complete) obviously a smaller tank will hve more effect from a shell bit its by no means a stable way to keep the PH high.