It's pretty easy to non-destructively lift a wax seal off of paper, with a sharp, hot knife and a bit of practice. You can then read the letter and reseal it with a touch more hot wax or the back of a heated spoon (to melt the back of the original seal).

Not that I've ever done that, as a courier, in a live-roleplay game, ever. Repeatedly ;D

Depending on the security level of the letter, of course, a non-letterlocked letter might be pretty readable even if sealed. A simple letter where the seal authenticates the sender but doesn't protect the contents might simply be folded in three and sealed closed - you can bend and flex such a letter without breaking the seal to read most of it. A more important letter being _protected_ by a seal might be folded into an ersatz envelope and then sealed on the join ... but that's most of the way to a basic letterlock.

So, like all communications there's a tradeoff between complexity and security, and whether you're using the seal merely to authenticate the sender (which was pretty common) or also to protect the contents.