In Greece, the cake traditionally cut to reveal a hidden coin on New Year's Day is vasilopita.
The name means “Saint Basil's bread” or “Saint Basil's cake,” depending on the recipe and region. Families cut it around New Year's Day, often giving the first portion to Christ, Saint Basil, or the household before distributing slices to family members and guests.
A coin is baked into the cake. The person who finds it is traditionally believed to receive good luck for the coming year. Vasilopita may be sweet bread, cake, or another regional preparation, so its texture and flavor are not identical everywhere.
The custom is connected with Saint Basil the Great, whose feast day is celebrated on January 1 in the Greek Orthodox tradition. Vasilopita is not the same as tsoureki, the sweet braided bread most strongly associated with Greek Easter.