Make sure there is no two column with same value - What is the best practice?

Hello, currently, I would like to make sure :

(1) When insert a new item, there is no 2nd row with same column value.
(2) If there is, I will just directly take the existing row.

I was thinking out of 2 approach. May I know which one is the common used best practice?

// Shall I make the **entire** procedure atomic and synchronized.
// This means, every time, there is only
// one thread can execute it. But, does PostgreSQL provide such features?
//
stored_procedure
{
    if (column.value is not "Mickey Mouse") {
         insert new row with one of the column.value is "Mickey Mouse"
    }
    return row id with its column.value is "Mickey Mouse"
}



stored_procedure
{
    // I make this column.value to be unique
    if (column.value is not "Mickey Mouse") {
         try {
             insert new row with one of the column.value is "Mickey Mouse"
         }
         catch (Is Not Unique Exception) {
         }
    }
    return row id with its column.value is "Mickey Mouse"
}