Mix yeast with warm water and allow the yeast to activate, about 10 minutes. It will be ready when bubbles form at the top.
In a saucepan, heat milk and butter while yeast is activating.
Whisk the egg, honey, spices and salt together in a small bowl. When ready, add yeast, and milk and butter mixture.
Gently stir 2 c of the flour into the liquid mixture. Add flour 1/2 c at a time while mixing, and keep adding 1/2 cups of flour until the dough is smooth.
Knead the dough on a lightly floured counter until it is smooth and elastic.
Place in a lightly oiled metal or glass bowl and cover with a clean towel and let rise in a warm place until doubled in size, about 1 hour.
Punch the dough down and form into a round loaf. Place it on the baking sheet, covered with a towel in a warm place for another 45 minutes.
While dough is rising a second time, preheat oven to 325 degrees.
Bake for 1 hour, rotating the baking sheet halfway through.
lnsert a thermometer into the middle of the bread. If it registers between 180-190 the bread is finished.