Coventryville's origins lie in the iron forge founded in 1717 by Englishman Samuel Nutt, an early American industrialist and member of Pennsylvania's Assembly in 1723–26.

In 1757, Coventry and Warwick passed to Thomas Potts, Rebecca's son-in-law and father of John, founder of nearby Pottstown.

During this time, however, anthracite coal began to replace charcoal as fuel and new techniques for manufacturing iron and steel were developed.

Smaller operations like those at Coventry and nearby Hopewell lay far from coal deposits and outside rail transportation centers and declined with only brief peaks in production during the American Civil War.

While the realignment of Route 23 to the south of the village in 1959–1960 obliterated a portion of the forge site, the Coventryville Historic District remains an intact concentration of original eighteenth and nineteenth century structures.