Vaselopita (Greek New Years Cake Recipe – Greek Special

Vasilopita is a cherished Greek ceremonial cake traditionally baked to celebrate St. Basil’s Day on New Year’s Day, featuring bright citrus zest and a tender, fragrant crumb. A hidden coin tradition makes it extra special—whoever discovers the coin in their slice is believed to receive good luck and blessings for the coming year. The cake’s ritual slicing, often done at midnight or on New Year’s morning, adds family warmth and symbolic significance to this festive treat.
- Prep Time15 min
- Cook Time50 min
- Total Time1 hr 5 min
Vaselopita - Greek New Years Cake Ingredients :
- 6 eggs
- 250g unsalted butter
- 125g margarine
- 400-450g sugar
- 1 cup condensed milk (for enhanced flavor; can substitute with regular milk)
- 60ml brandy or cognac (Greek Metaxa recommended)
- 500g self-raising flour
- 1/2 tsp vanilla extract (liquid or powder)
- Zest of one orange or lemon
- A pinch of salt
- Icing sugar for decoration
- A small coin wrapped in aluminum foil
How to Make Vaselopita - Greek New Years Cake:
Separate the egg whites from the yolks. Set the yolks aside and place the 6 egg whites in a large bowl with a pinch of salt.
Using a mixer on high speed, beat the egg whites until stiff peaks form (when you lift the whisk, the peaks will hold). Set the meringue aside.
In another bowl, cream together the softened butter (left out of the refrigerator for a few hours) and the sugar.
Add the egg yolks one at a time, mixing well after each addition.
Now, incorporate the condensed milk, brandy, vanilla extract, and lemon zest.
Gradually add the self-raising flour to the mixture.
Once all ingredients are combined into a smooth batter, gently fold in the prepared meringue. Avoid using the mixer to preserve the meringue’s texture; use a rubber spatula or wooden spoon, folding gently to incorporate air.
Prepare a 32 cm cake pan by greasing it with butter and dusting with flour. Pour the batter into the cake pan and place the small coin wrapped in aluminum foil into the batter.
Bake in a preheated oven at 170°C (340°F) for 45 to 50 minutes, or until the cake is golden brown and a toothpick inserted into the center comes out clean.
Allow the cake to cool completely, then dust with icing sugar before serving.
Recipe Notes
Insert Coin Hidden: Wrap the coin in foil and place it under the cake batter before baking to keep the tradition intact.
Citrus Flavor: Use fresh orange zest (and juice or brandy if desired) to infuse the cake with bright flavor and aroma.
Serve After Resting: Allow the cake to cool and rest so it firms up for cleaner slices and easier cutting.
Symbolic Slicing: Serve slices in order—start with symbolic dedications (like for St. Basil or the household), then move from eldest to youngest.
Dust with Powdered Sugar: A light dusting of powdered sugar adds festive presentation and sweetness.