Verpa bohemica
Photo coming
Early False Morel
Verpa bohemica
Its cap is wrinkled rather than pitted and attaches only at the very top of the stem, and the stem is stuffed with cottony fibers.
Morchella punctipes
Also called semi-free morel.
The half-free morel is a small true morel of eastern North America. Its pitted cap is attached only about halfway up, so the lower half hangs free like a skirt over a stem that is often much longer than the cap. It is hollow throughout.

The tell
Small pitted cap attached about halfway up, its lower half hanging free over a long hollow stem.
Field marks
Cap, underside and stem show in a photo. The spore print does not, and it is often the deciding check.
Where and when
Lookalikes
Each card says how to tell the two apart.
Verpa bohemica
Photo coming
Verpa bohemica
Its cap is wrinkled rather than pitted and attaches only at the very top of the stem, and the stem is stuffed with cottony fibers.

Gyromitra esculenta
A false morel has a wrinkled, brain-like reddish-brown cap and a chambered or cottony interior, and it grows mostly under conifers.

Morchella angusticeps
A black morel's cap is larger in proportion to its stem and is attached at its lower edge, without a free-hanging skirt.
Edibility
Field guides list the half-free morel as edible when cooked, though many rate it below other morels because of its thin flesh. The cautions recorded for morels apply: illness has followed eating them raw or undercooked. Its closest lookalike, the early false morel (Verpa bohemica), has caused poisonings.
This page states what field guides record. It is not advice to eat, taste or handle anything, and a photo cannot settle edibility. If someone has eaten a wild mushroom that may be toxic, call poison control (1-800-222-1222 in the US) right away, before symptoms start: the deadliest species act hours later.
FAQ
A small true morel whose cap is attached to the stem only about halfway up, so the bottom half hangs free. It is hollow inside like other morels and fruits in eastern North American hardwood forests in spring.
Sliced lengthwise, a half-free morel shows a pitted cap attached about halfway up and a hollow stem. In an early false morel the wrinkled cap hangs from the very top of the stem like a thimble, and the stem is filled with cottony tissue, at least when young.
Field guides list them as edible when cooked, but most describe them as thinner and less flavorful than yellow or black morels. Like all morels they have caused illness when eaten raw.
Sources
MushroomExpert.com
Missouri Department of Conservation
Index Fungorum
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