What is a quantum-mechanical 'weak value' the value of?

Abstract: A so called 'weak value' of an observable in quantum mechanics (QM) may be obtained in a weak measurement + post-selection procedure on the QM system under study. Applied to number operators, it has been invoked in revisiting some QM paradoxes (e.g., the so called Three Box paradox and Hardy s paradox). This requires the weak value to be interpreted as a bona fide property of the system considered, a par with entities like operator mean values and eigenvalues. I question such an interpretation; it has no support in the basic axioms of quantum mechanics and it leads to unreasonable results in concrete situations.