Beside being a "retro-novelty" (which adds a premium), it just is not the mainstream, so no economy of scale.
And the original old designs are unusable, because they were build around materials and construction style which are not acceptable anymore (safety, ROHS,...), so we are talking about newely developed mechanisms that needed to pass all the required certification tests and someone has to pay for all that. And when the production volume is limited, it just translates into rather high unity cost. That is just a fact of life.
If you don't care that much about the asthetic (when you e.g. may cover it into some installation box,..), you would be better "fishing" in industrial control components "waters". I would even guess that would be where the internal mechanism even came from, by the way - rotary switches are still quite common, exactly for the reason you are describing...
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