Population: 112 (1986)

Located on the southeastern side of Trinity Bay. Lead Cove may take its name from the lead-grey rock that surrounds the shallow cove. Tradition also tells that Lead Cove may have received its name from one of its earliest settler, Abraham Button, who felt that he had been "led" to this site from Old Perlican in his search for a place to settle.

The local inshore fishery (cod, salmon and lobster) were supplied through merchant houses of Harbour Grace and Carbonear.