Is it brand new? I'd exchange it just because... if it makes any noise I'd just tell them I wouldn't feel comfortable. I've had ones that squeak quite a bit when spun by hand, but usually don't have any problems. If it's used, worse thing you can do is try it & see if it charges. If it doesn't and it's an SI alternator, there are rebuild kits for cheap if you feel like taking on a small project 8)