Make your own delicious lucky Greek New Year’s Eve Cake called Vasilopita. This traditional Greek cake is moist and aromatic and infused with orange and vanilla. Try this traditional and easy vasilopita recipe and get all info on the lucky coin and how you are supposed to cut it.

Greek Lucky New Years Cake Vasilopita.

New year’s eve is approaching and apart from the food and drink, the Vasilopita is the center of attention. Vasilopita pronounced vah-see-LO-pee-tah, is the Greek lucky new year’s cake that has a coin hidden in it and is cut at midnight. It is tradition for each family to have their own vasilopita and a piece is cut for each family member. If the coin is in your piece you supposedly have good luck for the rest of the year.

I remember all the kids were so excited when vasilopita time came, we all wanted to get the lucky coin. Once we had our piece we would break it up to see if we had the coin, if not we still got to enjoy the tasty cake. Nowadays, I enjoy it much more the next day with a cup of coffee.

How to Cut a Vasilopita

On New Year’s Eve when the clock strikes 12, after everyone wishes each other a new year it is time for cutting the vasilopita. Traditionally there is a religious aspect, so the host of the house is the one who cuts the cake. The first piece is for Christ, the second for the virgin Mary, the third for the house and then follows a piece for the hosts, following by the oldest relatives and moving to the youngest. If a family member is away on a trip they are also included. We also included our pets.

If you are celebrating New Years’ s with friends and you are cutting a vasilopita, they all should get pieces. Anyone who is present at the gathering should get a piece.

Vasilopita is not only cut in families, but also businesses, clubs, associations and ministries. All have vasilopites that they cut during the first few weeks of the year. The concept of the coin applies to all the employees and members and is attached to a larger gift such as a television.

The Vasilopita Coin

Typically a gold plated coin or a silver coin will be inserted in the Vasilopita, there are coins made and sold just for that reason. Whoever gets the coin, not only gets to enjoy good luck for the whole year, but they also get some sort of gift such as money and/or a charm.

Vasilopita Ingredients

Vasilopita is a moist cake made with ingredients everyone has at home: sugar, flour, eggs, milk and orange. There is another more bread-like version made with yeast, which is a bit, more time consuming, but in our family we make and like the cake version. Now obviously this is not a particularly healthy recipe, what with the butter, but you usually enjoy only one small piece and if you have leftovers you can enjoy it over the next few days with coffee or tea.

This vasilopita recipe is slightly lighter than the traditional Vasilopita, and is the one my mom has been making since I was a little girl. It is a slightly modified version of the one in the Hrysa Paradisi cookbook. So while it contains the basic components sugar-flour-butter, it uses orange juice instead milk, it contains less eggs than the typical vasilopita with only 3 eggs as opposed to 6 eggs in other recipes. I also have modified it a bit more by reducing the sugar by ¼ cup, and you could probably reduce it by another ¼ cup without affecting the texture too much.

Greek Lucky New Years Cake Vasilopita.

How To Make Vasilopita

  • To start preheat the oven at about 350 degrees Fahrenheit (180 degrees Celsius).
  • Line the base of a 9-10 inch springform pan with wax paper and grease the sides well. If you use a larger diameter pan you will have a thinner cake that will take less time to bake.
  • Mix the dry ingredients in a bowl (flour and baking powder) and set aside.
  • In another bowl cream the sugar and the butter.
  • Then you add the orange juice, vanilla and orange zest to the butter mixture and mix well for about 2 minutes.
  • Whip the eggs in a small bowl and add to the butter mixture and mix for another 2 minutes.
  • Now add the flour mixture to the wet ingredients and mix at low speed until everything is combined-do not over mix. At this point you may put a coin that is wrapped in aluminum foil in the mixture or do it later (see next steps).
  • Empty batter (it will be thick) in the pan, smoothing the top with a spatula.
  • Bake for about 45-60 minutes. Don’t open the oven before it is ready. Test with a toothpick or knife all the way to the bottom of the cake to make sure it is done.
  • If not bake for additional time.
  • Remove from oven and let cool completely.
  • Once it is cool release the pan and turn cake upside-down on another plate. You can put the coin in now, wrap in foil and push it through the cake carefully.
  • Turn cake back on top and sprinkle with powdered sugar, you can also even out the top of the cake slicing with a long knife.
  • You can make a design using paper cut outs or using almonds or raisins or you can ice the cake with a simple icing made with powdered sugar and water.
  • Make sure you have a lucky charm for the person who will get the coin in their piece.
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Vasilopita –The Greek Lucky New Year’s Cake

Prep Time: 10 minutes
Cook Time: 1 hour
Total Time: 1 hour 10 minutes
Greek New Year's Eve Cake – Vasilopita. This traditional, delicious Greek cake is moist and aromatic and infused with orange and vanilla.
Course: Dessert, holiday
Cuisine: Greek, Mediterranean
Keyword: Vasilopita Greek New Year’s Cake
Servings: 16
Calories: 290kcal
Author: Elena Paravantes
Print Recipe Pin Recipe

Ingredients

  • 4 cups (480 g) flour
  • 2 tablespoons baking powder
  • 1 ¾ cup (350 g) sugar
  • 1 cup (227 g) butter, softened
  • 1 ½ cup orange juice
  • 1 tablespoon orange zest
  • 1 teaspoon vanilla
  • 3 eggs
  • Powdered Sugar

Instructions

  • Preheat the oven at at about 350 degrees Fahrenheit (180 degrees Celsius).
  • Line the base of a 9-10 inch springform pan with wax paper and grease the sides.(You can use an even wider pan for a thinner cake-it will take less time to bake)
  • In a bowl mix the flour and baking powder and set aside.
  • In a bowl, cream the sugar and butter.
  • Add the orange juice, vanilla and orange zest- mix with a mixer about 2 minutes.
  • Whip the eggs in a small bowl and add to the butter mixture and mix for another 2 minutes.
  • Add the flour mixture to the wet ingredients and mix for 2 minutes at low speed-do not over mix. If you are adding the coin in the batter, add it now.
  • Pour batter (it will be thick) in the pan, smoothing the top with a spatula.
  • Bake for about 45-60 minutes. Check with a thin sharp knife in the center, it should come out clean. If not bake for additional time.
  • Remove from oven and let cool completely.
  • Release the pan and turn cake upside-down on another plate. If putting the coin in now, wrap in foil and push it through the cake. Turn cake back on top and sprinkle with powdered sugar, you can also even out the top of the cake slicing with a long knife.

Notes

TIPS
  • You can make a design using paper cut outs or using almonds or raisins or you can ice the cake with a simple icing made with powdered sugar and water.
  • Make sure you have a lucky charm for the person who will get the coin in their piece.
  • Store covered in the refrigerator for up to 4 days.
Nutrition Facts
Vasilopita –The Greek Lucky New Year’s Cake
Serving Size
 
1 1/16 of thecake
Amount per Serving
Calories
290
% Daily Value*
* Percent Daily Values are based on a 2000 calorie diet.
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Vasilopita Greek New Year's Cake

Photos by Elena Paravantes All Rights Reserved

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58 Comments

  1. I’ve been using this recipe for the last 3 years and while the flavor is amazing every year the top is so cracked and it makes it hard to decorate. What do you suggest to prevent cracking?5 stars

  2. Stephanie says:

    Easy, and turns out great every time. Thank you for sharing your culture Elena.5 stars

  3. Happy New Year! I used your recipe to make my first ever Vasilopita. It baked beautifully. I did have a problem getting the OJ to mix with the creamed butter/sugar, and there were lots of cracks on top. The texture of the cake is great though. I was looking for a tad more flavor. Any suggestions for next time I make this? Perhaps more vanilla or subbing of almond extract?

    1. It’s meant to be a fairly mild cake, but you can add more zest or even lemon juice for a tangy flavor.

  4. I see that the Vasilopita recipe is adjustable depending on how many servings one wants. Are the variations
    correct if I want to make it for 12 instead of 16 servings? Is it all purpose flower that is used?

    1. Hi Paula! Yes it is all purpose flour. The servings are adjusted automatically so it should work, the grams have been adjusted as well, just retry it now.

      Thanks

  5. Karen Capelli says:

    You say to leave a lucky charm? Besides giving them the coin for the year, what else do you give?5 stars

    1. Hi Karen! It can be a lucky charm like a keychain with a horseshoe or a four leaf clover. It can be a little decorative paper weight or even a bottle of wine (for adults), a little toy (for kids)or even a small gift basket or a gift certificate. In Greece we have these type of charms that we give out for the occasion: https://www.etsy.com/market/greek_lucky_charm

  6. This is my go to recipe! I’ve been making it every year! Thank you for sharing your traditions Elena!5 stars

  7. Maria Malaveci says:

    My butter sugar mixture is not mixing with my orange juice. The butter looks curdled. I left the butter out for an hour. Could the cold orange juice and orange zest caused this? I plan to start over.

    1. Hi Maria, In step 4 you “cream” the butter and sugar, which means you mix on medium speed until fluffy and it becomes a pale yellow color.

  8. Polly Anagnostou says:

    Hello, I have used your recipe for the 4th year now and we all love it! However, every year it gets large cracks on the surface. Might I be doing something wrong? I can’t reduce the cooking time because the center will definitely remain raw.

    1. Hi Polly!
      Generally this cake does have some cracks on top, make sure the oven is not too hot,I would try reducing the heat by 10 degrees. Also don’t overmix.Hope this helps!

  9. Your website is fantastic! Your recipes never disappoint, this one included!5 stars

  10. Is 2 tablespoon sugar baking powder correct? Sounds like a lot

  11. Is the butter unsalted or salted?

  12. I’m not Greek, but I love good food and plan on trying this. I love the substitution of olive oil for butter. One question, with the yogurt and almond powder, are the ounces by volume or weight?

  13. I tested this last night and came out perfect!5 stars

  14. Thank you Elena and Happy New Year! This was an easy and tasty recipe, reminded me of my yiayias.5 stars

  15. Maria Christodoulou says:

    Happy New Year 2020. We’ve just cut our Vasilopita using this recipe. It’s delicious with a fresh zesty orange flavour, and moist texture. It looks beautiful-it rose well. I decoration is 2020 written in almonds. This was the best recipe I’ve used. Thank you