I think that letter openers that are sold as such are dull simply so that they can't be considered knives. By preference I open letters with long thin razor sharp knives. Admittedly, if I used a duller letter opener I might not damage the envelopes as much, and I could also open letters more slowly and carefully but that just isn't my style. Personally I open the long edges, although I have learned to forgive those that open the short edges of envelopes.
Dull is easy. Drag the edge across a whet stone as if you are trying to slice the stone in two. Instant dull.