It is demonstrated that a weak measurement of the squared quadrature observable may yield negative values for coherent states. This result cannot be reproduced by a classical theory where quadratures are stochastic $c$-numbers. The real part of the weak value is a conditional moment of the Margenau-Hill distribution. The nonclassicality of coherent states can be associated with negative values of the Margenau-Hill distribution. A more general type of weak measurement is considered, where the pointer can be in an arbitrary state, pure or mixed.