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sliced vasilopita with a coin.

Vasilopita (Greek New Year's Cake)

Angelina Papanikolaou
Vasilopita is a traditional Greek New Year's Cake that symbolizes good luck and prosperity. This delicious dessert, characterized by its rich, citrus-infused flavor and moist texture, is made special with a hidden coin for good fortune. This vasilopita recipe is easy to make and serves as a delicious centerpiece for family gatherings on New Year's Day.
Prep Time 15 minutes
Cook Time 1 hour
Total Time 1 hour 15 minutes
Course Dessert
Cuisine Greek
Servings 12 servings
Calories 467 kcal

Ingredients 

  • 4 eggs room temperature
  • 2 cups sugar
  • 1 cup canola oil
  • ¾ cup whole milk room temperature
  • ¾ cup orange juice no pulp
  • ¼ cup brandy or cognac
  • 1 tbsp vanilla extract
  • Zest from 1 orange and 1 lemon
  • 3 ½ cups all-purpose flour
  • 3 tsp baking powder
  • 1 tsp salt
  • Powdered sugar for topping
  • 1 larger coin wrapped in aluminum foil we use a quarter

Instructions 

  • Preheat your oven to 350°F (175°C). Grease a 12-inch round cake pan and line the bottom with parchment paper.
  • In a large mixing bowl, beat the eggs and sugar with an electric mixer, or stand mixer fitted with the paddle attachment, until pale and creamy, about 1 minute.
    4 eggs, 2 cups sugar
  • Mix in the oil, milk, orange juice, brandy, vanilla extract, and zests.
    1 cup canola oil, ¾ cup whole milk, ¾ cup orange juice, ¼ cup brandy or cognac, 1 tbsp vanilla extract, Zest from 1 orange and 1 lemon
  • In a separate bowl, sift together the flour, baking powder, and salt. Add the dry ingredients to the wet mixture, beating until well combined.
    3 ½ cups all-purpose flour, 3 tsp baking powder, 1 tsp salt
  • Pour the batter into the prepared cake pan.
  • Bake for about 50-60 minutes, or until a toothpick inserted into the center of the cake comes out clean.
  • Once the cake is baked, remove it from the oven and let it cool in the pan for about 10-15 minutes. Then, carefully transfer the cake onto a wire rack to cool completely (make sure the cake is cooling rightside up and not upside down).
  • When the cake is cool, use a sharp knife to cut a slit (somewhere near the edge of the cake) and insert the coil. Dust the top generously with powdered sugar. You can create a stencil design (like the year) if desired, by cutting out numbers from paper, placing them on the cake, and then removing them after dusting the sugar.
    Powdered sugar for topping, 1 larger coin wrapped in aluminum foil

Notes

Room Temperature Storage: Once the vasilopita cake has cooled completely, place it in an airtight container. If you don’t have a container large enough, cover it with plastic wrap, ensuring that the entire cake is shielded from air exposure. Store the cake in a cool, dry place to prevent it from becoming soggy. Vasilopita can be kept at room temperature for up to 3-4 days. 
  • Freezing Whole Cake: If you have leftover whole vasilopita, wrap it securely in plastic wrap and then in aluminum foil. This double layer helps prevent freezer burn and taste transfer from other frozen items.
  • Freezing Slices: For convenience, you can also freeze individual slices. Wrap each slice tightly in plastic wrap and place them in a freezer-safe bag.
  • Thawing: When ready to enjoy, thaw the cake or slices in the refrigerator overnight. Let them come to room temperature before serving to bring back the cake's natural flavor and texture.
  • Duration: You can freeze vasilopita for up to 3 months.
Prepare Ahead: If you’re planning to make vasilopita for a New Year’s celebration but are pressed for time, you can prepare it in advance: Bake the vasilopita up to two days before your celebration. Once cooled, wrap it in plastic wrap and store it at room temperature. Add the coin and powdered sugar just before serving.

Nutrition

Calories: 467kcalCarbohydrates: 64gProtein: 6gFat: 21gSaturated Fat: 2gPolyunsaturated Fat: 6gMonounsaturated Fat: 12gTrans Fat: 0.1gCholesterol: 56mgSodium: 328mgPotassium: 116mgFiber: 1gSugar: 36gVitamin A: 135IUVitamin C: 8mgCalcium: 93mgIron: 2mg
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