The "Precious Jewels" display is part of the Nashville museum's core exhibition, Sing Me Back Home: A Journey Through Country Music. It spotlights a handful of seminal instruments upon which much of the foundation of American music was created. Other Gibson instruments on display as include Mother Maybelle Carter's Gibson L-5 guitar and Bill Monroe's Gibson F-5 mandolin.

The Granada was acquired by Scruggs in a trade with Don Reno in the late 1940s, and he used it on the 1949 recording of his composition "Foggy Mountain Breakdown" by Lester Flatt, Earl Scruggs & the Foggy Mountain Boys. The song was a showcase for Scruggs' astonishing dexterity. He continued to use the Granada on the road and in the studio with Flatt & Scruggs and the Earl Scruggs Revue, and he played it for the rest of his life.