Coronation was incorporated as a village on December 16, 1911,[5] the year George V came to the throne hence its chosen name, then was officially declared a town on April 29, 1912.

After moving south from the Haneyville, some distance north of its present location to be congruent with rail lines, Coronation was expected to be a hub town.

[clarification needed] However, larger towns such as Calgary and Red Deer began to evolve into cities and Coronation was forgotten in that regard.

Other landmarks include the water tower that was remodeled in the late 1990s, the caboose that is painted a regal red, and the lighted crown at the town's entrance that was built by a team of Hutterites in the early 2000s.

[citation needed] Coronation hosts a rodeo every June that includes calf roping, barrel racing, bull riding and chuckwagon events.