One of the commonest waxcaps on unimproved pasture and aptly named. Another common name in use that I particularly like is salmon waxcap because the young fruiting-bodies are salmon or peach coloured. They fade with age and often acquire a crazed surface. The fungus is dry and has gills running down the stipe (decurrent - more obvious in older specimens).

References: 
Boertmann, D. (2010 revised second edition) The Genus Hygrocybe
Harries, D. (2017) A Guide to Waxcaps in West Wales
Bessette, A.E. et al. (2012) Waxcap Mushrooms of Eastern North America
Wood, E. & Dunkelman, J. (2017) Grassland Fungi: a field guide