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So in the end do wallet CODES ever expire?
Chances are they either don't expire or it would take several years for it to do so.
They are readily available, so I don't see why you would buy them in bulk. Most retailers I know of wouldn't allow it either as they need some for other customers.
There is also the possibility that a few may not get activated properly. Not sure if a retailer would be willing to, or able to, fix that if it has been past some period of time.
The number is not known. Just know that there are more created every day.
Nice necro.
In terms of gift cards in circulation; there are probably a few million floating around but these are also useless until they are authenticated at a till.
If they expire, it will tell you on the receipt. The cards normally never expire but the codes that you get on a receipt do.