Litz wire was very useful for winding high-Q LF and MF
inductors. Used to
be that most IF transformers and quite a few RF chokes were wound with it.
I guess it was pretty much rendered obsolete with the advent of ferrites.
From the looks of it, it's now almost the
exclusive domain of antique radio
enthusiasts.
That is mostly new Xtal or one or two tube radios.Cost cutting from hand
labor to the most cheapest transformer made is the real reason I bet.
If you want a real coil look at all the hard work to make one.