Phylum: Basidiomycota Family: Hygrophoraceae
Hygrocybe punicea (Fr.) P. Kumm.
A common species of unimproved grassland. A greasy cap, deep red when young, becoming paler, often with yellow infusion, with age. Thick, fibrillose stipe, flushed with yellow and red, almost white at base
Boertmann (2010) The Genus Hygrocybe
Wood & Dunkelman (2017) Grassland Fungi: a field guide