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He said he does not think the ring was intentionally buried.
"It was only about 3 inches below ground," he told The Telegraph newspaper.
The ring, a 1923 class ring from Western Military Academy in Alton, was engraved with the name of its owner, Mervin E. Volle.
Aimone said his research indicated Volle served in World War II and moved to California, where he later died. He said he was able to contact a distant family member who said Volle had a child before he died.
The metal detector hobbiest said he is now hoping to identify and contact Volle's child so he can give them their father's ring.
"I think the family would be grateful to have the ring back," Aimone said.
C.B. Jackson, a Western Military Academy historian, expressed interest in adding the ring to his collection in Volle's family can't be found.