Treece and neighboring former cities Picher, Cardin and Douthat were formed as a result of mining operations in the early 20th century. Realtor J. O. Treece lent the town his name. The first post office in Treece was established in 1917. Treece was a major supplier of lead, zinc, and iron ore. During its maximum production, Treece and Picher combined had a population of over 20,000 and produced $20 billion worth of ore mainly during World War I and World War II. After the 1970s, ore production declined rapidly as did the city's population.