A hairpiece securing device has a sheath having a front and rear wall in between which a hairpiece is received. The hairpiece in inserted through an opening in the sheath. At least one receiving hole extends through the sheath. A securing means prevents the hairpiece from falling to the bottom of the sheath and an optional closing means can close the opening in the sheath. A method of securing hairpieces involves inserting a hairpiece into an opening in a sheath. The sheath has a front wall and a rear wall, and the hairpiece is received in between these two walls. At least one receiving hole extends through the sheath and a securing means in inserted through the at least one receiving hole and through the hairpiece.