If I understand your situation correctly, I would recommend something very high (10,000 or so), but let me make sure I understand what you have done:
You imported a model from Inventor that contained slotted and round bolt holes with bolts through them. In the case of the slotted holes, some of the translation didn't work too well, so you've inserted beam elements between the bolts and the hole edge. In order to determine the load transmission into the side of the bolt hole (the bearing force), you are now using gap elements between the bolt and the hole wall.
If this is correct, than my recommendation stands. In reality, that contact has a virtually infinite stiffness and the materials will flex under the contact.
One concern, however, for the slotted holes is that you may need gaps before the bolt would actually contact the hole wall. If, for instance, the bolt is at one end of the slot and must first slide to the other end of the slot, then the gap element would need a "gap" of just shorter than the element length.
And, please, feel free to call me Garland...we will likely never meet, so the informality couldn't possibly offend me.
Garland E. Borowski, PE