white-haired vs old

white-haired is not a noun while old is a noun.

Word	Noun	Adjective	Verb	Adverb
white-haired	No	Yes	No	No
old	Yes	Yes	No	No

white-haired (noun)	old (noun)
	past times

white-haired (adjective)	old (adjective)
favorite	of long duration; not new
showing characteristics of age, especially having grey or white hair	(used especially of persons) having lived for a relatively long time or attained a specific age
	skilled through long experience
	(used for emphasis) very familiar
	excellent
	just preceding something else in time or order
	belonging to some prior time