Armillariella mellea

"Armillariella mellea, The Honey Agarica mellea, the Honey Mushroom, wears a bracelet-ring flaring up from its stalk; variable in colour and shape; honey yellow under hardwoods, pinkish brown under conifers; plump and squat, as here, but just as often, tall and spindly."

In publication, Page 103: "Reflections on the Fungaloids" by B.L. Williamson, Ottawa, 1992. ISBN 1-894572-65-3