Vasilopita New Years Traditional Bread – A cherished recipe that brings good fortune and sweet memories each New Year’s Day.
For years, I struggled to find the perfect Vasilopita recipe, but after many attempts, this one became my go-to every New Year’s. It’s simple to prepare without any hassle, similar to making Tsoureki but with a special twist in its shape. Each year, we place a foiled coin inside the bread before baking, symbolizing good fortune for the upcoming year. On New Year’s Day, the bread is sliced and distributed among everyone present. The person who finds the coin in their slice is believed to have good luck and receives an extra $20 from Pappou.
Here’s a video tutorial:
Below, you’ll find the video of Pappou cutting the Vasilopita. Sadly, he passed away a year later, making this tradition all the more precious to our family.

Ingredients
Method
- Prepare the Yeast Mixture:
- In a bowl, combine dry yeast (or fresh yeast), caster sugar, lukewarm water, and plain flour. Let the mixture sit for 10 minutes.
- If the mixture becomes foamy on top after 10 minutes, your yeast is active and ready to use. If it's flat and lacks bubbles, discard it and start again with fresh yeast.
- In a separate bowl, whisk together sugar, eggs, milk, and orange juice.
- Sift flour, mahlepi, vanilla sugar, and orange zest into another bowl.
- Combine the flour mixture with the wet mixture, then add the yeast mixture. Gradually mix with your hands to form a soft dough.
- Knead softened butter into the dough until smooth.
- Cover the bowl with plastic wrap and let the dough rise in a warm area for 2 hours.
- Punch the dough down, then add a foiled coin into the centre of the dough.
- Reshape the dough into a lightly oiled baking tin. Let it rise again for another 1.5 hours.
- Crack an egg and brush the top of the risen dough. Sprinkle with almonds and sesame seeds.
- Preheat the oven to 170°C fan. Bake for 25 minutes, then reduce the temperature to 140°C and cook for another 20 minutes.
FAQs: Vasilopita Recipe
1. Can I prepare this dish in advance?
Absolutely! You can prepare the ingredients a day ahead and store them in an airtight container in the fridge. However, it’s best to cook the dish fresh to enjoy its full flavour and texture.
2. What size should the coin be, and what can I wrap it in?
The coin should be small enough not to disturb the texture of the dish but large enough to be noticeable. A standard coin like a 5-cent or 10-cent piece works well. To ensure hygiene, wrap the coin securely in aluminium foil before inserting it into the recipe.
3. How is this different from Tsoureki?
While both Vasilopita and Tsoureki are traditional Greek baked goods, they differ in texture and occasion. Tsoureki is a sweet, braided bread with a chewy texture and is typically enjoyed at Easter. Vasilopita, on the other hand, is made for New Year’s Day, with a hidden coin baked inside for good luck.